A Level Economics (9708)•9708/12/O/N/19

Explanation
Cumulative Price Increases from Positive Inflation
Steps:
- CPI % change measures annual inflation from the prior year; positive values indicate rising prices.
- 2016's 8.3% means prices rose from 2015 levels.
- 2017's 6.0% means prices rose further from 2016 levels.
- 2018's 1.0% means prices rose again from 2017 levels, reaching the highest point.
Why D is correct:
- All positive inflation rates cause cumulative price increases, so the general level of consumer prices peaks in 2018, the latest year shown.
Why the others are wrong:
- A: All rates are positive, so prices rose overall, not fell.
- B: Both 2016 and 2017 rates are positive, so prices rose, not fell.
- C: Prices increased each year after 2015, so 2015 was the lowest, not highest.
Final answer: D
Topic: Price stability
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