Inflation during the 1970s

Inflation isn’t a major issue in Britain today, with the inflation rate averaging at just under 2% over the past decade. However, those living in the 1970s weren’t so fortunate, with the inflation rate reaching 25% in 1975. Prior to the 1970s, economists thought that there was an inverse relationship between unemployment and inflation. However,Continue reading “Inflation during the 1970s”