Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Economics

In the News

Supply Crunch - Inflation to remain higher for two years, warns OECD

Graham Watson

22nd September 2021

Share this content:

The OECD is forecasting higher inflation across the developed world, with the UK expected to have 3% inflation by the end of 2022, but falling inflation in a number of other economies.

The causes? Self-evident to be honest - higher raw material costs, supply chain issues and higher levels of consumer demand all play a part and can be shown by elementary AD-AS analysis. You can access the latest OECD forecasts here.

Share this content:

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

You might also like

Introduction to Macroeconomics: Inflation

25th August 2026

In the News Teaching Activity – What key economic challenges will a new PM face? (June 2026)

29th June 2026

In the News Teaching Activity – What is happening to consumer confidence in the UK? (May 2026)

21st May 2026

In the News Teaching Activity – How bad is the state of the UK’s macroeconomy? (Dec 2025)

8th December 2025

In the News Teaching Activity – Will the Bank of England cut interest rates before Christmas? (Nov 2025)

17th November 2025

In the News Teaching Activity – How does falling cement output affect the UK economy? (Sept 2025)

11th September 2025

In the News Teaching Activity – the £ has been appreciating against the $ (July 2025)

7th July 2025

In the News Teaching Activity – Rising chocolate prices are contributing to inflation in UK (June 2025)

30th June 2025