Costs of Inflation
- Created by: Ben
- Created on: 12-05-13 13:13
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The Impact of Inflation
Here are 3 examples of the consequences of inflation:
- Loss in international competitiveness - if the inflation rate in the UK is higher than the inflation rate of trading partners then UK produced are less competitive.
- Fiscal Drag - if the tax brackets are not adjusted in line with inflation, people's income may be pushed into a higher tax band.
- Shoeleather Costs -…
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