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Inflation: what do you need to know?

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EXAM-STYLE QUESTIONS

Questions on inflation

Table 1 UK Consumer Price Index (CPI) and nominal average earnings growth, April 2013–April 2022

1 Using the data in Table 1, calculate the rate of inflation in the UK between April 2013 and April 2022. Give your answer to one decimal place. (2 marks)

2 Explain how the data in Table 1 may show that living standards in the UK have fallen between 2013 and 2022. (4 marks)

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Previous

Inflation: what do you need to know?

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Studying at home and abroad

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