Are You Inflation-Savvy?

The amount spent by households on all goods and services

The average price change of all goods and services

The rate at which the prices of goods and services rise or fall and is estimated using price indices (correct)

The total cost of the shopping basket

To ensure that all goods and services are equally represented

To increase the impact of some goods and services over others

To reflect the relative importance of the various items in the average shopping basket (correct)

To decrease the impact of some goods and services over others

Each year (correct)

They are never updated

Every two years

Every five years