Economics 0455 · IGCSE · Inflation and deflation

Inflation and deflation — practice question

The table presents the Consumer Prices Index (CPI) for a selection of cities in August 2015, using New York, USA as the base of 100. What conclusions can be drawn from the table?

  • AGeneva had the highest average price level.
  • BLiving standards were highest in Lima.
  • CSingapore was more expensive than Oslo.
  • DThe annual rate of inflation was the same in Istanbul and Johannesburg.

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