Published On Dec 15, 2015
Inflation is one of the most important concepts in economics. It’s also one of the simplest. It’s just the average rate that prices are rising. A small amount of inflation is healthy for an economy - but how is it calculated and what happens when it gets out of control?
Subscribe to The Guardian on YouTube ► http://is.gd/subscribeguardian
The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://bit.ly/3biVfwh
Website ► https://www.theguardian.com
Facebook ► / theguardian
Twitter ► / guardian
Instagram ► / guardian