cost of living crisis

In 2019 a tall latte from Starbucks cost £2.90. How much does it cost today?

• £2.95

• £2.50

• £3.70

• £3.90

How much has the price of pasta risen by during the cost of living crisis?

• 20%

• 5%

• 60%

• 40%

In 2023 the average price of car insurance (across all age groups) was £924. How much was the same insurance in 2020?

• £852

• £611

• £585

• £792

In 2019 the annual cost of electricity and gas for the average household was £1,380. What is average annual cost today for the same household?

• £1,550

• £2,645

• £1,720

• £2,850

In 2020 the average monthly rent in York was £858. What is the value today?

• £1,124

• £690

• £920

• £1,032

During the current cost of living crisis inflation peaked in October 2022 at

• 11.1%

• 65.2%

• 1.3%

• 5.4%

Which TWO of the following are NOT true of inflation

• Rising prices over time

• Falling wages over time

• Reduced purchasing power of money over time

• Increased purchasing power of money over time

Which ONE of the following is NOT a cause of high inflation

• Covid reopening and supply chain issues

• Ukraine War

• Energy crisis

• Israeli / Palestinian Conflict

• Brexit

In August 2023 the Bank of England base rate was 5.25%. The highest it had been for 15 years. What was the base rate in December 2021?

• 3.2%

• 0.9%

• 4.2%

• 0.1%