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Economics · May / June 2021 · Paper 12 · Question 19

2281Inflation

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

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

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Correct answer: C. The rate of inflation was highest in year 2.

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