Economy

Inflation is one of the most widely used terms in economic and financial reporting. It is often described as the rate at which prices are rising, but the way it is measured is more structured than that simple definition might suggest. In broad terms, inflation is measured by tracking changes in the prices of goods…

The base rate is one of the most frequently discussed figures in economic reporting. It is regularly mentioned in stories about inflation, borrowing costs, savings rates and central bank decisions, yet it is not always explained in clear terms. At its simplest, the base rate is the main policy interest rate set by a central…