Everyone is talking about inflation. It’s in the news, economists and politicians are discussing it, and even people around the office mention it. You may think that inflation simply means less money in your pockets, but how much do you really understand? For example, do you know how inflation is measured or calculated?
Our Statistics 4 beginners article on inflation can help answer your questions. It’s a straightforward guide to understanding what inflation is, how it works, and what it means for you.
It walks you through key concepts such as consumer prices and inflation rate, using practical examples that show how data is selected, collected and categorised. A short video breaks down all the key points.
At the end of the article, you can take a quiz to test your knowledge and explore other interesting resources, for example, the Education corner, and interactive data visualisations where you can check out consumer prices across the EU.
Would you like to know more?
This article is part of Eurostat’s series Statistics 4 beginners, a great resource for newcomers to statistics, students and educators to learn about key statistical indicators and basic concepts.
