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\nMeasuring Inflation: Understanding Key Indices and Personal Experiences\n

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\nThis video discusses how inflation is measured and the different indices used to measure inflation in the UK. The speaker explains the difference between inflation and deflation, the price level, and how the Consumer Price Index (CPI) is...\nThis video discusses how inflation is measured and the different indices used to measure inflation in the UK. The speaker explains the difference between inflation and deflation, the price level, and how the Consumer Price Index (CPI) is used to measure inflation. The video also covers another index, the Retail Prices Index (RPI). The speaker compares the CPI and RPI over time and explains how they differ in their calculation and impact on personal inflation experiences.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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13:49
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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economics, inflation, interest rates, area, index, education, numbers, prices, economy, time, terms
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Additional Tags

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a-level, lectures, macro, eco, performance, 5.3b, measuring, short video, financial crisis, price level, price change, housing costs, inflation experience, weighted average, price index, measure inflation, price, average, measure, difference, period, point, areas, services, year, greater
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Measuring Inflation: Understanding Key Indices and Personal Experiences\" href=\"/subscription/new\">\"Measuring\n\n
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