Inflation
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| show | The steady and persistent increase in the general level of prices. It’s the rate at which your money loses its ability to buy things
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| How would you calculate a simple price index? | show 🗑
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| What is the official measure of inflation in Ireland? | show 🗑
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| show | Measures rate of inflation
International comparisons
Indicator of the country’s/government’s performance
Indexation of savings and investments
Used in wage negotiations
Used by governments to index tax bands
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| What precautions should be taken when using the CPI? | show 🗑
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| What are the factors that cause inflation? | show 🗑
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| show | Lower standard of living
Fixed income holders
Speculation encouraged
Borrowing encouraged
Wage demands
Loss of international competitiveness
Savings discouraged
Increase in unemployment
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| show | It occurs when there is a general decrease in the average level of prices
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