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

1586 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Discuss whether or not increasing competition in the provision of air transport services is beneficial to passengers.


Explain the factors which might determine the natural rate of unemployment (15 Marks)


Why there is liquidity trap in the reality?


How does business confidence affect the economic cycle? And why?


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