Sunday, August 24, 2008

Unit 2: Calculating inflation

This Ch4 video is great at explaining how students face an inflation rate much higher than the official CPI

http://www.channel4.com/news/articles/business_money/inflation+hits+students+hardest/2417272

This Ch4 article also shows the typical amounts spent by students on various items

http://www.channel4.com/news/articles/business_money/accommodation+biggest+student+cost/2431392

a) Explain why the student inflation rate is higher than the CPI. Include in your answer the following terms: basket of goods, weighting

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