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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 on OCR A Level Economics Inflation. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons