Stats on Inflation and Living Standards Flashcards
1
Q
Inflation measured by CPI was how much at the start of 2022
How high is inflation expected to reach by the end of the year
A
- Reached 5.5% at the start of the year
- And by the end of the year expected to be above 8%
2
Q
How much did wages rise by the end of 2021
This was higher than previous years (usually about2%)
A
Wages rising by 4.2%
3
Q
How much was mean disposable income between 2020-2021
A
Mean disposable income: £36000
