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Home
Statistics
Key terms
Inflation

GCSE Statistics · key term

Inflation

Definition

An increase in the general level of prices over time, commonly measured using the annual percentage change in CPI.

Used by Edexcel

How each exam board covers it

Edexcel GCSE Statistics · 1ST0

Specification 2d.01 · Paper 1, Paper 2

The annual percentage change in CPI is commonly used as a measure of inflation.
Revise: Index numbers

Edexcel Statistics past papers

Related key terms

Base period
Chain-based index number
Consumer Price Index (CPI)
Gross Domestic Product (GDP)
Index number
Retail Price Index (RPI)
Weight
Weighted index number

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