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3.4.1 Price stability and inflation
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Inflation is a change in the general price level

Inflation is a change in the general price level

Line graphs showing price stability, rapid inflation, and deflation

Inflation is a sustained rise in the general price level, measured as a percentage change over a period, usually one year. It is a rate of change, not a description of whether prices are high or low.

3.4.1 Price stability and inflation Lesson

  1. GCSE
  2. /Economics
  3. /3.4.1 Price stability and inflation

Step-by-step lessons on OCR GCSE Economics 3.4.1 Price stability and inflation. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons