Live revision! Join us for our free exam revision livestreams Watch now

Topic Videos

Measuring Inflation

AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 10 Apr 2019

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.

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.