Up and UP

What is the current rate of inflation in the UK?

• 10.1 %

• 12.2 %

• 3.1 %

• 2.2%

If you had £100 of cash in your piggy bank, you could buy 100 tins of soup that cost £1. But if you saved the money for a year…. How many cans could you buy at the current rate of inflation at the end of the year.

• 100

• 50

• 90

• 110

A product cost £20… how much will it cost next year at the current rate of inflation.

• £22

• £21

• £26

• £17

The Government use the CPI to calculate inflation, what does this stand for?

• Cost production indicator

• Cost prices increases

• Consumer price index

• Consumer product increments

How many goods and service are monitored in the CPI

• 800

• 20

• 10

• 1000

Covid has increased the prices of cars in the Uk, the main reason being…

• Less miners were well enough to mine metal

• More people require cars, as the economy recovered

• Production lines were shut in lockdown creating parts shortages.

• Unsold cars corroded during lockdown

Energy prices in the UK have increased a lot, particularly gas. What is the PRIMARY reason for this.

• Global warming

• War in Ukraine.

• North Sea gas fields are running out

• Concern over China Taiwan tensions.

The war in Gaza will increase inflation for lots of goods…this is because.

• Israel has large oil reserves

• Shipping is not going through the Suez canal

• War creates instability in the stock market

• Arabic oil producing counties will stop providing UK with goods.

Which of the following is a reason that UK apple prices have increased dramatically?

• Large demand due to health drive

• Less workers to pick due to Brexit

• Apple tree disease

• Less bees for pollination

Which area has shown the greatest inflation over the last year in the UK?

• Housing market
• Stock market
• Food prices
• Clothing industry