Shrinkflation and skimpflation

 Thanks to tutor2u https://www.youtube.com/shorts/wKpALIo_u3U

What is inflation

 Thanks to tutor2u https://www.tutor2u.net/economics/blog/introduction-to-macroeconomics-inflation?utm_medium=email&utm_campaign=Daily%20tutor2u%20Economics%20blog&utm_content=Daily%20tutor2u%20Economics%20blog+CID_7420d164b7a8dffc29eb166a6211a0b7&utm_source=CampMonitor&utm_term=Introduction%20to%20Macroeconomics%20Inflation

July 2026: INflation falls to 2.6%

 Thanks to the BBC https://www.bbc.co.uk/news/articles/ckg4xj8j5vjo

Inflation Jan 2026

 Thanks to the BBC https://www.bbc.co.uk/news/articles/cnvg251g25yo

Consumer price index, 1960 to 2023 in various countries

 Great graphic to play around with https://ourworldindata.org/grapher/consumer-price-index

Inflation and real wages

 Using https://www.visualcapitalist.com/charted-how-u-s-food-prices-have-surged-since-2021/

a) Explain whather real wages have increased or decreased over the 4 year time period

b) Given the huge increase in egg proices, what must be true about the weight allocatred to eggs when computtating the CPI.

c) how could you use this data to suggest to someone how to spend their nominal income to increase their real income

Changes to the inflation basket

 Thanks to tutor2u (vid) https://www.youtube.com/watch?v=13yKZIIF7D4&t=3s and the BBC (article) https://www.bbc.co.uk/news/articles/c0kgr0ryd5xo 

The causes of recent inflation

 The first 10 mins or so of this from the BBC https://www.bbc.co.uk/sounds/play/w3ct5xjl

Changes in the basket of goods

 Thanks to the BBC https://www.bbc.co.uk/news/business-12196322

Basket of goods update 2024

 Thanks to tutor2u https://www.youtube.com/watch?v=GrCo9rZXIWw and the BBC https://www.bbc.co.uk/news/business-68515100

Menu cost: Argentina

 Thanks to the BBC https://www.bbc.co.uk/news/world-latin-america-64507085

Euro countries inflation rates November 2023

 From the BBChttps://www.bbc.co.uk/news/business-65037292

2023 macro economy in 5 charts

 Thanks to Sky news https://news.sky.com/story/the-key-economic-graphs-the-define-2023-13038165

UK Economy - What is Causing the Steep Fall in Inflation?

 Thanks to tutor2u https://www.tutor2u.net/economics/blog/uk-economy-what-is-causing-the-steep-fall-in-inflation?utm_medium=email&utm_campaign=Daily%20tutor2u%20Economics%20blog&utm_content=Daily%20tutor2u%20Economics%20blog+CID_910c538aa5ba22001cfa2fe23ea91c98&utm_source=CampMonitor&utm_term=UK%20Economy%20-%20What%20is%20Causing%20the%20Steep%20Fall%20in%20Inflation

More shrinkflation

 Thanks to the BBC https://www.bbc.co.uk/news/business-66924100

Shoe leather inflation costs

 Thanks to the BBC for this example https://www.bbc.co.uk/news/business-65091499

High inflation and shoe leather costs

 Thanks to tutor2u https://www.tutor2u.net/economics/blog/high-inflation-and-shoe-leather-costs?utm_medium=email&utm_campaign=Daily%20tutor2u%20Economics%20blog&utm_content=Daily%20tutor2u%20Economics%20blog+CID_4e65e5b052c71d6f1a04af4a91daf598&utm_source=CampMonitor&utm_term=High%20inflation%20and%20shoe%20leather%20costs

International inflation comparison March 2023

 Thanks to the BBC https://www.bbc.co.uk/news/business-65026231

Argentina inflation soars past 100% mark

 Thanks to the BBC https://www.bbc.co.uk/news/world-latin-america-64960385 and this video https://www.google.com/search?q=Argentina+inflation+soars+past+100%25+mark&rlz=1C1ONGR_en-GBGB981GB981&sxsrf=AJOqlzV7EGyjzyTy75-jEI0OvWMAPQg2WA:1678878508962&source=lnms&tbm=vid&sa=X&ved=2ahUKEwjz95bp5d39AhUTS8AKHcThCeMQ_AUoA3oECAEQBQ&biw=1536&bih=714&dpr=1.25#fpstate=ive&vld=cid:18223b12,vid:Q-fCRTbpSHY

Basket of goods changes 2023

 Thanks to the BBC https://www.bbc.co.uk/news/business-64938661