Teaching PowerPoints
2.1.2 Introduction to Inflation (Edexcel A-Level Economics Teaching PowerPoint)
- Level:
- A-Level
- Board:
- Edexcel
Last updated 14 Sept 2023
This PowerPoint covers an introduction to inflation, disinflation, hyperinflation and deflation drawing on data for a variety of countries including the UK.
Economists typically define inflation as an increase in the overall level of prices in an economy. But it's a bit more nuanced than that. Inflation is usually caused by an increase in the money supply, which causes a rise in demand that can't be met by the supply of goods and services. This can lead to too much money chasing too few goods, which pushes prices up. Some economists also define inflation as a loss of purchasing power - in other words, when the amount of goods and services you can buy with a given amount of money goes down.
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