Teacher CPD: Join us in London for another packed programme of face-to-face CPD courses. Learn more

Topics

Inflation

Inflation is a sustained rise in an economy’sgeneral price level. This means that, on average, the prices of goods and services are going up over time. As the price level rises each pound or dollar buys fewer products. This means the real value or purchasing power of money falls.

© 2002-2023 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.