The UK inflation rate (CPI) is now back within limits (2% +/-1%) at 3% reports the BBC, but RPI has fallen dramtically to just 0.1%
http://news.bbc.co.uk/1/hi/business/7893873.stm article
http://link.brightcove.com/services/link/bcpid1184614595/bctid13289662001 Ch4 video
a) Explain why CPI is now below the RPI as shown by the chart in the text having been above it in the recent past
Stuck? These post from Economics teacher and Economicshelp might help; click on the graphic in the top one
http://business-studies.typepad.com/economics_teacher/2009/02/measuring-inflation.html
http://feeds.feedburner.com/EconomicsBlog?format=xml
Wednesday, February 18, 2009
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