Since Covid, inflation has been the centre of attention in the finance world. We hear about the numbers on the news or in the data reports, but what do they really mean? Join us this week as we try to clear up some of the mysteries around inflation: In basic terms there are two main types of inflation that we can see manifest in the real world. Host Andrew Baxter is an economist by qualification and explains that the two main types of inflation we see are either demand-pull or cost-push. Demand-pull entails when a substantial increase in the demand for something from consumers comes along while supply remains the same, inevitably, this leads to a price increase which in real terms is tantamount to inflation.
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