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Tuesday, 26 October 2010

Unit 2: Inflation, excellent revision aid and useful for all Economists.

Great interactive graph here courtesy of 'The New York Times'. It looks at the basket of goods used to measure Consumer Price Inflation (CPI is the measure of inflation we use in the UK) in the US and helps to illustrate the idea of weights.

It zooms into the different categories and is colour coded to let us know how the prices of each good and service has changed. It’s important that all DBS students, whether studying IGCSE or 'A' level Economics, can interepret information and this definitely helps!

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