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Latest Blog Posts

Effect of higher interest rates and lower taxes on living standards

Tejvan Pettinger 19 May 2022

Reader’s Question: The Central bank is raising interest rates (I understand why). At the same time, the government is being called to reduce taxes. These …

UK Inflation Rate and Graphs

Tejvan Pettinger 17 May 2022

Current UK Inflation Rate CPI inflation rate: 9.0% (headline rate) CPI – D7G7 at ONS (page updated 19 May 2022) Source: Raw data General inflation …

Difficult choices of a Central Bank in dealing with Stagflation

Tejvan Pettinger 12 May 2022

The UK like Europe and the US is facing an unwelcome return of stagflation – a period of higher inflation and lower growth. In March …

History of Inflation in UK

Tejvan Pettinger 1 May 2022

The UK has avoided any situation of hyperinflation. The highest rates of inflation were after the Napoleonic War in the early nineteenth century. During the …

Policies to reduce cost-push inflation

Tejvan Pettinger 6 April 2022

Cost-push inflation is caused by higher costs of production, such as rising oil prices, higher nominal wages, and increased commodity prices. To reduce this kind …

The impact of supply bottlenecks on world economy

Tejvan Pettinger 5 April 2022

Bottlenecks refer to the situation where firms are unable to meet demand because of delays, shortages and lack of spare capacity. Bottlenecks can occur from …

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Books by Tejvan Pettinger

Cracking Economics

An easy to read an overview of economics. ‘Cracking Economics’ gives explanations of main topics with images and diagrams to bring economics to life.

The book is aimed at anyone with a general interest in economics but would like a better understanding. Available in hardback at major bookshops and online. Read More

boring Economics without the Boring bits

An Enlightening Guide to the Dismal Science – published by Wellbeck.

It includes topics such as common economic fallacies, middlemen, recycling, debt, finance, trade, money, taxation and why some people get rich and others don’t.

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