What you’ll learn5 learning objectivesChoose one objective for a focused lesson, or study the complete topic.4.6.1Inflation, deflation and disinflation• Definition of inflation, deflation and disinflationSyllabus objective4.6.2CPI and price level measurement• Measurement of changes in the price level:- consumer price index (CPI)- possible difficulties in measurementSyllabus objective4.6.3Nominal vs real data• Distinction between money values (nominal) and real dataSyllabus objective4.6.4Causes of inflation• Causes of inflation: cost-push and demand-pull inflationSyllabus objective4.6.5Consequences of inflation• Consequences of inflationSyllabus objective