Economics A-Level
Consumer Price Index (CPI)
What Consumer Price Index (CPI) means in Economics A-Level, as defined for Pearson Edexcel.
Definition of Consumer Price Index (CPI)
A measure that examines the weighted average of prices of a basket of consumer goods and services, used to track inflation and the cost of living.
Topics that use Consumer Price Index (CPI)
- Measures of economic performance (Pearson Edexcel A-Level)
Related terms
- Gross Domestic Product (GDP)
- Gross National Income (GNI)
- Human Development Index (HDI)
- Purchasing Power Parity (PPP)
Using Consumer Price Index (CPI) in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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