5 Questions
What does inflation measure?
The overall increase in prices or the increase in the cost of living in a country
Who often aspire to be known as 'inflation hawks'?
Central bankers
When was inflation declared Public Enemy No. 1 in the United States?
In 1974
What does a broader measure of inflation typically include?
Increase in the cost of living
Whose cost of living depends on the prices of many goods and services and the share of each in the household budget?
Consumers
Test your knowledge about inflation, which measures the increase in prices of goods and services over time. This quiz will help you understand the impact of inflation on economies and how it is managed by central bankers and politicians.
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