Inflation

Q6(f) Evaluate what may be driving inflation in the UK.

Q1(d) Evaluate at micro and macro level what sustained high inflation does to the UK or another developed economy.

Q11 Give one reason the price index basket needs revising, as when the UK swapped in air fryers in 2024.

Q12(a) Say what inflation means, in the context of US price rises between 2021 and 2023.

Q12(b) Examine two things that pushed US price rises so high, using the CPI chart and the opening extract paragraph.

Q7(a) Work out the percentage change in Argentina's inflation rate from December 2023 to September 2024 using the CPI chart.

Q6 Deduce what a chart of Croatia's monthly CPI figures shows about deflation and disinflation since 2020.

Q7(b) Explain what the rate of inflation means, using Ghana's CPI chart and the extract.

Q12(b) Explain how a slowing rise in prices differs from rising prices, using Brazil's 2021-2023 CPI figure.

Q6(a) Using Figure 1, which plots UK CPI inflation against nominal wage growth from 2008 to 2019, explain what an inflation rate measures.

Q6(d) Explain why sterling's depreciation, described in Extract A, tends to push inflation upwards.

Q10 Explain one likely consequence of the inflation path shown in Colombia's consumer price index chart.

Q2 Identify the likely cause of Rwanda's falling average price level in the second half of 2021.

Q14 Evaluate what causes inflation, with reference to Turkey's nine percentage point rise to January 2023.

Q6 Deduce what Vietnam's monthly CPI figures from June to September 2022 show about disinflation and deflation.

Q14 Evaluate what can make a country's price level fall, given Rwanda's negative inflation rates in 2021.

Q7 Explain one reason the CPI basket needs revising regularly, given 2022 UK additions such as meat-free sausages.

Q6(b) Using Figure 2, set out how CPI inflation gets calculated, bringing the idea of weights into the explanation.

Q6(d) Using Extract B, explain two causes behind UK inflation climbing.

Q6(e) Discuss how rapid UK inflation is likely to affect both consumers and workers.

Q1(b) Drawing on 2002–2022 UK gas price and CPI data, examine two explanations for why British inflation climbed.

Q11 Explain the meaning of deflation, referring to the chart of Rwandan consumer price inflation.

Q12(b) Using Figure 2, set out how disinflation differs from deflation.

Q12(e) Using the supplied material, discuss what rapid inflation is likely to do to Germany's macroeconomy.

Q7 A chart plots Denmark's CPI inflation between January and November 2021; explain one effect this trend is likely to have.

Q3(a) Using a chart of UK average weekly real and nominal earnings (January 2007 to January 2019), identify which statement can be inferred.

Q5(a) Using a chart of the annual UK CPI inflation rate (January 2016 to September 2019), identify which statement can be deduced.

Q5(b) Give one weakness of the CPI as a gauge of inflation.

Q14 Taking a country of your own choosing, evaluate what rapid inflation costs, prompted by US inflation moving from 0.6% to 5.4% over the year to June 2021.

Q4 Colombia's annual CPI inflation is charted from January 2016 through December 2020; judge which claim about the price level, deflation and disinflation holds.

Q12(b) Drawing on Figure 2, distinguish deflation from disinflation.

Q7 With reference to a table of 2020 changes to the UK CPI basket, explain one reason why the basket must be updated regularly.

Q11 Using the chart of Canadian CPI inflation running from June 2019 to May 2020, set out how disinflation and deflation differ.

Q12(b) Using Figure 2, explain the method by which CPI inflation gets calculated.

Q12(c) Taking Figure 3 with Extract A, examine two ways France's economy is likely affected by how inflation moved during 2020.

Q2 Brazil's annual inflation rate is given for each month from April to August 2019; determine what this reveals about the price level, disinflation and deflation.

Q2 A table gives South Korea's producer price index changes year-on-year across July to September 2019; state the effect this most likely produces.

Q1(a) State what inflation means (2-mark definition).

Q1(b) Explain one factor that could plausibly push inflation upwards.

Q1(c) Given UK inflation of 1.5% on the CPI and 2.1% on the RPI in October 2019, identify the percentage point difference between them. (0.0 / 0.2 / 0.4 / 0.6)

Q12(a) Give the meaning of real wage growth as the phrase is used in Extract B.

Q2 UK consumer price index values for January 2015 and January 2016 are tabulated; work out what follows for living standards, the inflation rate and purchasing power.

Q8 Using the chart tracking Greece's monthly annual inflation through 2018, set out how deflation differs from disinflation.

Q8 A chart tracks annual Turkish consumer price changes, August 2013 through August 2018; explain how inflation differs from disinflation.

Q12(d) Examine how rapid inflation is likely to affect Argentina's households and firms, drawing on the figures and extracts.

Q1(c) Set out one way that heavier credit card borrowing could feed through to inflation.

Q4(a) Give the meaning of the price level (2-mark definition).

Q6(a) Drawing on Extract A's opening paragraph and Figure 1, explain sterling's movement as a driver of faster inflation.

Q6(b) Using Extract A, set out two economic consequences that quicker UK inflation is likely to bring.

Q6(c) From Extract A's closing paragraph and Figure 2, explain one justification for revising the CPI basket regularly.

Q2(e) Evaluate the micro and macro consequences of fairly rapid inflation across much of Africa.

Q12(e) Discuss what Romania's economy is likely to experience as inflation accelerates.

Q2 Malaysia's inflation rate is listed month by month over February-July 2017; which statement about deflation and disinflation is supported?

Q1(a) From UK Consumer Prices Index figures (2005 = 100), work out the percentage change over the year to September 2015.

Q1(b) State what deflation means (2 marks).

Q1(c) Identify which listed fall would most plausibly bring about deflation (oil prices / unemployment / income tax / interest rates).

Q3(a) Pick the correct description of UK price behaviour from September 2011 to January 2013. (deflation / disinflation / prices falling / money supply falling)

Q3(b) Using the data, set out how UK inflation is measured via the Consumer Prices Index, and bring weights into your reply.

Q6(b) Examine two possible causes of the Eurozone inflation change in Figure 2, using the material supplied plus wider knowledge.

Q6(d) Using the data supplied, give two plausible explanations for the UK inflation rate's decline.