Friday, January 19, 2007

Unit 3: Inflation at an 11 year high

This link is to the BBC's Evan Davies discussing the rise in inflation on the clip and an associated BBC article. here is also a more general BBC article

< http://www.bbc.co.uk/mediaselector/check/nolavconsole/ukfs_news/hi?redirect=st.stm&news=1&amp;amp;bbram=1&bbwm=1&nbram=1&nbwm=1&nol_storyid=6266449 >

http://news.bbc.co.uk/1/hi/business/6268819.stm

http://news.bbc.co.uk/1/hi/business/6266263.stm

a) What are the suggested causes of this inflation rise?
b) What are the likely effects suggested to be on the economy?
c) Why might this rise in inflation only be short-term?

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