Study Notes
Inflation - Measuring Inflation
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 27 Dec 2018
What is inflation?
Inflation is a sustained increase in the cost of living or the general price level leading to a fall in the purchasing power of money
![](https://tutor2u-net.imgix.net/subjects/economics/statistic_id306648_inflation-rate-cpi-in-the-united-kingdom-uk-2000-2017.png?auto=compress%2Cformat&fit=clip&q=80&w=800)
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