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4.7.2 - Measurement of inflation

Topic 4.7.2 - Measurement of inflation This section of the Cambridge IGCSE Economics (0455) syllabus requires students to understand the measurement of inflation using the Consumer Prices Index (CPI). Measurement of inflation Recall that inflation refers to the sustained increase in the general level of prices of goods and services in an economy over time and that the inflation rate measures the change in prices of...

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