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Inflation - GCSE History Definition

Reviewed by: Zoe Wade

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Inflation is the term used to describe the general increase in prices of goods and services over time, which means that money buys less than it used to.

In history, inflation can have big impacts on people's lives and the economy. For example, during certain periods, like after wars or economic crises, inflation can be higher, making everything from food to clothes more expensive. This affects how people live, as their savings and earnings might not stretch as far as before. Understanding inflation helps us learn how governments and societies have tried to deal with these challenges in the past.

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Zoe Wade

Reviewer: Zoe Wade

Expertise: History Content Creator

Zoe has worked in education for 10 years as a teaching assistant and a teacher. This has given her an in-depth perspective on how to support all learners to achieve to the best of their ability. She has been the Lead of Key Stage 4 History, showing her expertise in the Edexcel GCSE syllabus and how best to revise. Ever since she was a child, Zoe has been passionate about history. She believes now, more than ever, the study of history is vital to explaining the ever-changing world around us. Zoe’s focus is to create accessible content that breaks down key historical concepts and themes to achieve GCSE success.

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