Asked in Politics and GovernmentCredit ReportsEconomicsInflation
Politics and Government
What is the average UK inflation rate 2008?
Asked in Economics, United Kingdom, Inflation
How is inflation controlled in the UK?
What was the cost of living in UK in 1967?
Asked in Inflation
How mild inflation is beneficial for an economy?
Inflation is a measure of changes in the average price level and therefore, the cost living. A mild inflation could be indeed beneficial since it puts pressure on businesses to be competitive and at the same time, produces a situation where there is broad confidence in the macroeconomy. In fact, many countries wish to keep the inflation rate slightly above 0 (ie. UK keeps its inflation rate at around 2%) due to these benefits. However this is not the case of emerging and developing economies and there are many downturns that have to be considered.
Asked in Shopping
How much was bread in 1993?
I can't give you an exact answer but an estimate would be to account for a reasonable rate of inflation each year. 2010 - 1993 = 17 years. So bread costs about $5 in 2010 and if we divide by 1.05^17 to account for the inflation each year the estimate is therefore $2.20. -- In the UK the average was 0.57
Asked in Online Shopping, Postage and Shipping
How long does standard international flat rate postage take from the us to the UK?
Asked in Cars & Vehicles
What rate is considered a cheap car loan in the UK?
What is the cause of high inflation in the UK economy?
Asked in Graphic Design
What is the average hourly rate in pounds of a graphic designer in the UK?