Inflation is one of the most important and critical economics terms that everyone must watch closely, its importance comes from its effect on the international economy and how central banks highlight and consider it in all its monetary actions. We are here to help you with these easy videos posted by Bank of England (UK) – YouTube Channel (Full credits reserved to BOE with thanks for sharing such useful videos)
Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money.
Let’s go through the following videos to know more about inflation ..
Video #1: What is Inflation?
Video #2: Why does inflation matter?
Video #3: How does the Bank manage inflation?
Video #4: History of inflation
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