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Inflation
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What inflation means

What inflation means

Inflation is a sustained increase in the general price level, which means the average prices of goods and services are rising over time. As the price level rises, the purchasing power of money falls because each pound buys less than before.

Inflation Lesson

  1. A Level
  2. /Economics
  3. /Inflation

Step-by-step lessons covering OCR A Level Economics Inflation for A Level Economics. Each lesson works through exam-style questions in Component 01, Component 02 and Component 03 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.