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4.7. Inflation

Syllabus
0455–2027–2028
Topic
4.7
Level
—

4.7.1—Definitions of inflation and deflation

  • Definitions of inflation and deflation

4.7.2—Measurement of inflation

  • measurement of inflation using the Consumer Prices Index (CPI)

4.7.3—Causes of inflation

  • demand-pull
  • cost-push

4.7.4—Consequences of inflation

  • how inflation affects savers, lenders and borrowers
  • consequences of inflation for consumers, workers, producers/firms and the economy

4.7.5—Policies to control inflation

  • the range of policies available to control inflation and their effectiveness

Objective notes

5 learning objectives
ConceptIGCSE Economics