Abstract
Inflation refers to the continual increase in prices. The value or purchasing power of money refers to the amount of goods and services one pound can buy. Inflation means the value of money is falling because prices keep rising.
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 1987 R. Young
About this chapter
Cite this chapter
Young, R. (1987). Inflation. In: Work Out Economics GCSE. Macmillan Work Out Series. Palgrave, London. https://doi.org/10.1007/978-1-349-09348-9_17
Download citation
DOI: https://doi.org/10.1007/978-1-349-09348-9_17
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-43665-3
Online ISBN: 978-1-349-09348-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)