Inflation Flashcards
1
Q
Target rate for inflation
A
2-3%
2
Q
Headline inflation
A
the offical rate announced, effected by one offs
3
Q
Underlying inflation
A
excludes one offs and is longer term. Used by RBA
4
Q
Winners
A
♣ Importers
♣ Borrowers
♣ Those who invest in real assets
♣ Those on flexible incomes or in strong unions
5
Q
Losers
A
♣ Exporters ♣ Savers ♣ Lenders ♣ Charities ♣ Those who are self-employed if they are unable to give themselves a payrise ♣ U/E, pensions, those in fixed incomes
