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