Business Terms and Jargon Explained
What is Inflation
This is where prices rise over a period of time due to growth in the economy.
As the economy grows there is more demand for products and the amount of money
in the economy increases but at a lesser rate. E.g chips ten years back were on
average 70p a portion, now the price is £1.10 per portion.
The figures for inflation are
given periodically usually annually to be used for comparison purposes. This is
a benchmark for the economy. The benchmark for inflation is the Retail Price
Saving and returns on investments need to be more than
inflation if the increase is to be real.
<- Go Back
Business Terms Home page
Search Jargon and Terms Database
A B C D E F G H I J K L M N
O P Q R S T U V W X Y Z
Term created / updated 2005-07-16 23:12:15
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.
Copyright © 2004-2021 Scopulus Limited. All rights reserved.