A rapid increase in the rate of inflation is sometimes attributed to the 'base effect'. What 'base effect'?

🎲 Try a Random Question  |  Total Questions in Quiz: 25  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Economy Previously Asked Questions: Inflation and Price Index — practice the complete quiz, review flashcards, or try a random question.


A rapid increase in the rate of inflation is sometimes attributed to the 'base effect'. What 'base effect'?