In this episode, we dive into the world of inflation—one of the most critical and dynamic concepts in economics. Aimed at A-Level Economics students, we break down the key components of inflation: what it is, how it’s measured, and the factors that cause it. We’ll explore the difference between demand-pull and cost-push inflation, consider the effects on individuals, businesses, and the economy, and discuss real-world examples like the 1970s oil crisis and recent global trends.

By the end of this episode, you’ll gain a clear understanding of inflation, its impact, and how policymakers attempt to control it using tools such as monetary policy. Perfect for revision or to enhance your class notes—this is your go-to guide for mastering inflation!