AS Paper 2, November 2020The UK Economy – Performance and Policies
AS Paper 2, November 2020, Q1(b)
Explain one likely cause of inflation.
Short answerExplain2 marks
Context
In October 2019 the annual rate of inflation in the UK was 1.5%, as measured by the Consumer Prices Index (CPI), and 2.1%, as measured by the Retail Prices Index (RPI).