This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.

Specification:

  • Real Income, Inflation Measurement, Inflation causes, Monetary Policy, Economic Objectives

Click to read the article below and then answer the questions:

UK inflation climbs to 30-year high of 5.5%

  • What is meant by real income?

  • Explain two causes of inflation in the UK economy

  • Explain the difference between CPI and RPI measures of inflation

  • Evaluate the effect of tighter monetary policy on two other economic objectives

John Greenwood, Bromley High School for Girls 

Copyright The Financial Times Limited 2023. All rights reserved.
Reuse this content (opens in new window) CommentsJump to comments section

Follow the topics in this article

Comments

Comments have not been enabled for this article.