Topics
Wage Price Spiral
A wage price spiral is a situation where workers bid for higher wages because they have seen their real income eroded by fast-rising prices. This can lead to a further burst of cost-push inflation in an economy. It was a feature of stagflation in the 1970s and 1980s.
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Key Update on the UK Economy - December 2023
27th November 2023
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2.1.2 Consequences of Inflation (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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What are economic shocks?
Study Notes
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Why does the UK have the highest inflation in G7?
6th June 2023
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High Gas Prices - Effects on Businesses and the UK Economy
17th March 2023
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Warburtons battles soaring cost-push inflation
19th January 2023
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A crisis for Labour as real wages drop and working poverty climbs
17th January 2023
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Are higher wages to blame for fast rising prices?
18th December 2022
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Is the UK heading for a 1970s-style Winter of Discontent?
14th December 2022
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Wages and Cost Push Inflation - Chain of Reasoning
Practice Exam Questions
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Inflation Reaches 11% - A Look Inside Britain's Cost of Living Crisis
16th November 2022
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Netherlands raises their minimum wage by 10%
21st September 2022
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TUC launch campaign for £15 per hour national minimum wage
24th August 2022
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UK workers suffer biggest hit to real wages since records began
17th August 2022
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Will UK trade union membership start to rise again?
7th August 2022
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Is the UK economy facing a summer of discontent on pay?
17th July 2022
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Stagflation and the Cost of Living Crisis in the UK
22nd June 2022
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UK Economy in Focus - Stagflation
Topic Videos
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Inflation (Quizlet Revision Activity)
Quizzes & Activities
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Monetary Policy - Bank of England walks tightrope on interest rates
15th February 2022
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Economics of Inflation - The Wage-Price-Spiral
Topic Videos
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Will the global supply chain process lead to stagflation?
22nd September 2021
