Post Covid Flashcards by Ash Pemberton

Q

Inflation

A

11.1% Oct 2022

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Q

Causes of high inflation

A

High spending after Covid as economy reopened
Import shortages due to supply chain disruptions
Ukrain vs Russia war led to steep rises in price of oil and gas

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Q

Methods used to combat infation

A

Interest rates increased to 5.25% Feb 2024

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