Economics 0455 · IGCSE · Inflation and deflation

Inflation and deflation — practice question

The table gives the changes in the Consumer Prices Index (CPI) from the base year, 1, and over the following three years. Which statement is correct?

  • AConsumer prices were highest in year 3.
  • BThe rate of inflation was 2.1% in year 4.
  • CThe rate of inflation was highest in year 2.
  • DThe rate of inflation was lowest in year 1.

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