Economics GCSE
Consumer Price Index (CPI)
What Consumer Price Index (CPI) means in Economics GCSE, as defined for AQA.
Definition of Consumer Price Index (CPI)
Check what you remember
Read the wording for your board, then hide it and explain Consumer Price Index (CPI) in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A measure of the rate of inflation that tracks the changing cost of a representative 'basket' of goods and services bought by a typical UK household.
Topics that use Consumer Price Index (CPI)
- Inflation and price stability (AQA GCSE)
Related terms
- Aggregate demand
- Consumer Prices Index
- Cost-push inflation
- Demand-pull inflation
- Fiscal policy
- Index numbers
- Inflation
- International competitiveness
Using Consumer Price Index (CPI) in the exam
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