Tuesday, May 18, 2010

Unit 2: Rising inflation:in the UK and India May 2009

Sky news has a brief report, article and graph explaining the latest rise in UK inflation

http://news.sky.com/skynews/Home/Business/Inflation-Rate-Rises-Food-Clothing-And-Alcohol-Costs-Push-CPI-To-37-In-April-While-RPI-Tops-53/Article/201005315634107?lpos=Business_First_Buisness_Article_Teaser_Region_3&lid=ARTICLE_15634107_Inflation_Rate_Rises%3A_Food%2C_Clothing_And_Alcohol_Costs_Push_CPI_To_3.7%25_In_April_While_RPI_Tops_5.3%25

as does the BBC

http://news.bbc.co.uk/1/hi/business/10121176.stm

Mind you, our rate is low compared to India's

http://news.bbc.co.uk/1/hi/business/8689937.stm

a) What is the cause of this inflation?

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