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

1656 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

To what extent does expansionary fiscal policy help governments achieve macroeconomic objectives?


Explain the importance of low interest rates in bringing about a recovery from recession in an economy like the UK. (10)


What is the law of diminishing returns?


Why have inequalities increased in recent years?


We're here to help

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

MyTutor is part of the IXL family of brands:

© 2025 by IXL Learning