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The Basics of Inflation

This learning object is a publication of the ILC, University of the Philippines Los Banos. The people behind this learning object are:

  • Author: Agham C. Cuevas
  • Content Reviewer: Amelia L. Bello
  • Instructional Designer: Edmund G. Centeno
  • Language Editor: Noel K. Torreta
  • Graphic Artist: John David F. Ferrera

Objectives

At the end of this session, you should be able to:

  1. Explain what inflation is;
  2. List down differences between demand pull and cost push inflation; and
  3. Compute the inflation rate.