Inflation Flashcards
1
Q
What is the inflation rate
A
3.2%
2
Q
Whats the core inflation rate
A
4.2%
3
Q
What the difference from core inflation and inflation
A
Core inflation is inflation without food gas electricity and fuel, so in context, it does not take into account high electricity and food prices suffered from the Ukraine vs Russia war.
4
Q
Wats producer price inflation
A
0.6%
5
Q
What does producer price inflation show
A
It shows the cost of production for inputs for firms.
6
Q
Wage growth
A
5.6%
