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A measure of price change
An increase in the rate of price increase
An increase in general price levels
A decrease in general price level
How is inflation measured?
By comparing average prices of all goods and services produced
Consumer Price Index
Producer Price index
Government Price Index
What is the UK target rate of inflation?
A decrease in general price level is called...
Inflation caused by a rise in wage rates would be classified as..
Inflation caused by an increase in consumption would be classified as..
During a recession, inflation is likely to be..
A consequence of high inflation is that it benefits borrowers.
Which of the following measure of inflation includes mortage costs?
As at October 2021 what was the CPI rate of inflation?
Show demand pull inflation using and AS/AD diagram
Show cost push inflation using an AS/AD diagram