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

1742 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

How to answer elasticity questions


What are the Macroeconomic Effects of Currency Fluctuations?


I am not convinced of the inter-related nature of the economy. How could increased productivity in Europe impact upon British house prices?


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


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:

© 2026 by IXL Learning