Inflation Flashcards
1
Q
Inflation
A
General increase in price
2
Q
Consumer price index
A
Excludes mortgage interest payments
3
Q
Retail price index
A
Includes mortgage interest payments
4
Q
Demand pull inflation
A
Consumers have too much money, spend too much and proces start to rise as they outbid each other
5
Q
Cots push
A
Supplies see an increase in their own costs so they push then onto the consumer
