What is inflation and how can we measure it?

Inflation is when prices increase we can measure it using CPI and PPI data (basket of goods model)

LB
Answered by Luqman B. Economics tutor

1536 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

How am I best able to improve my evaluation skills in essays in order to achieve higher marks?


What effects aggregate demand and how would it effect the price level of the economy?


Explain how the energy companies have exploited their market power.


'What are the disadvantages of economic growth?'


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences