As all of the economics students will know, inflation is measured by the consumer price index (CPI) and the retail price index (RPI).
The article below is quite interesting as it shows how the basket of goods used to measure inflation has changed.
http://www.bbc.co.uk/news/business-21753044
The article below is quite interesting as it shows how the basket of goods used to measure inflation has changed.
http://www.bbc.co.uk/news/business-21753044