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3.4 Price stability

3.4 Price stability

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Question 1

The table shows the Consumer Price Index and annual inflation rate.

YearCPIInflation rate (%)
2021100.03.0
2022108.08.0
2023113.45.0

Explain why the fall in the inflation rate from 2022 to 2023 did not mean that the average price level fell.

[2]
Markscheme

3.4 Price stability Questions

  1. GCSE
  2. /Economics
  3. /3.4 Price stability

30 exam-style questions on OCR GCSE Economics 3.4 Price stability, covering 3.4.1 Price stability and inflation, 3.4.2 Measuring inflation with CPI, 3.4.3 Calculate the effect of inflation, 3.4.4 Analyse inflation figures, and 3.4.5 Causes and consequences of inflation. Each one has a worked solution and a mark scheme showing where the marks go.

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