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Measuring Inflation
- Level:
- AS
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
This revision video looks at the definition and measurement of consumer price inflation in the UK economy
CPI and RPI Inflation
CPI is a price index that measures the price changes in a basket of goods that a consumer faces. RPI is a price index that uses the same principles as CPI but, ultimately, uses a different basket of goods/services to measure inflation and the average is calculated in a different way.
Our subjects
- › Business
- › Criminology
- › Economics
- › Geography
- › Health & Social Care
- › History
- › Law
- › Politics
- › Psychology
- › Sociology
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