Business GCSE

Inflation

What Inflation means in Business GCSE, as defined for Eduqas.

Definition of Inflation

Check what you remember

Read the wording for your board, then hide it and explain Inflation in your own words. Rough notes are fine. This is a self-check, with no mark or grade.

Reference: Eduqas

The general increase in the level of prices in an economy over a period of time.

Eduqas · Influences on business (study guide)

Topics that use Inflation

Influences on business (Eduqas GCSE)

Related terms

Consumer Rights Act 2015
Exchange Rate
Interest rates
Sustainability
Equality Act 2010

Using Inflation in the exam

Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.

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All Business GCSE terms