Economics 0455 · IGCSE · Inflation and deflation

Inflation and deflation — practice question

During January 2016, a country’s inflation rate fell from $3\%$ to $2\%$. In March 2016, the inflation rate was $4\%$. What change took place in the price level in January and March?

  • AJanuary: fell, March: fell
  • BJanuary: fell, March: rose
  • CJanuary: rose, March: fell
  • DJanuary: rose, March: rose

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI