RPI and CPI (AQA GCSE Statistics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does the RPI measure?
What does the RPI measure?
Changes in cost of living
What is the base year for RPI?
What is the base year for RPI?
1987
How does CPI differ from RPI?
How does CPI differ from RPI?
Excludes housing costs
What is the CPI base year?
What is the CPI base year?
2015
How is RPI used by the government?
How is RPI used by the government?
To adjust student loan interest
What does an RPI value above 100 indicate?
What does an RPI value above 100 indicate?
Prices have increased
What is the formula for percentage increase?
What is the formula for percentage increase?
New - Old / Old x 100
How do you adjust costs using CPI values correctly?
How do you adjust costs using CPI values correctly?
Cost Year 2 = Cost Year 1 x (CPI2/CPI1)
What does the Consumer Price Index (CPI) measure?
What does the Consumer Price Index (CPI) measure?
Inflation rate of consumer goods
What is a key exam technique for index comparisons?
What is a key exam technique for index comparisons?
Convert to the same base year