inflation

• What is the annual rate of inflation show ?

  How much higher or lower process are compared with the same month a year earlier
• What is consumer price inflation?

  The rate at which the prices of goods and services bought by household rise or fall
• How is inflation measured?

  Comparing costs today and a year ago
• Two drawbacks of inflation?

  Costs of products and services rise

  Increase in shipping times - leads to a fine
• How is business affected by changes in inflation?

  Higher costs will lead to customers not buying which will have a knock on effect on the business