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

1745 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Discuss the private and social costs associated with the production of cars


What are the Macroeconomic Effects of Currency Fluctuations?


What is the Price Elasticity of Demand?


A new technology revolutionises (e.g. the internet). How will the following changes affect the national economy?


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