External Influences - Inflation

• Citizenship
• Upper Secondary (Key Stage 4)

What are you going to learn?

In this lesson you're going to learn how to . . .

1

2

3

the meaning of inflation

why inflation can be a problem

methods of controlling inflation

What was the average price of a house in the UK back in 1974?

1. £7,500
2. £9,629
3. £11,540
4. £45,100

What was the average salary earned in 1974?

1. £1,809
2. £1,675
3. £21,000
4. £17,982

What was the average cost in the UK of a litre of fuel in 1974?

1. 5.5p
2. 8p
3. 11p
4. 34p

01:19

Why is inflation a problem in an economy?