How can we reduce inflation?
In the previous article, we looked at what inflation was and what potential problems it can create. Now, we will explore the role of the government and the Bank of England in fighting this. Meeting the inflation target is mainly the role of the Bank of England, which means monetary policy. Fiscal policy, which is…
What is inflation, how does it work and what impacts can it have? Inflation is a rise in the general price level of goods. There are two main types of inflation: cost-push inflation and demand-pull inflation. Inflation is measured using the CPI – the Consumer Price Index, which is calculated by the ONS or Office…