Thursday, October 19, 2006

Exam inflation identical to RPI

Here we discussed grade inflation, and how one could correct for it (if it exists) in much the same way one corrects for price inflation, ie creat a 'real' figure. In the comments it was pointed out that exam inflation seemed to be running at 2.5%, the same as UK inflation target.

The BBC reports:

On the old measure, which used the university admissions service "tariff", this was 287.4, which was 9.6 higher than in 2005.


That's a 3.4% year-on-year increase, and the RPI in August (which we used in the discussion) was up by 3.4%. Schoolchildren should hope that hyperinflation is around the corner.