Food prices soar – Inflation revision

An article from the Daily Mail shows food price inflation in the UK is almost four times higher than in the rest of Europe while supermarkets have enjoyed record profits. Press read more for a table showing the changes in food prices in the UK and some GCSE style questions on inflation

1/ State which three products have seen the largest percentage increase in price (3 marks)

2/ Explain what is meant by cost push and demand pull inflation. (4 marks)

3/ ‘Inflation is bad for the UK economy’. Do you agree with this statement? Give reasons for your answer. (10 marks)