When the level of prices in an economy is rising measured by an index such as the retail or consumer price index you have inflation. Usually this is associated with growth as firms become more confident about the price they can charge for goods and services and consumers get wealthier on the back of rising wages.
Equally, when prices are falling, you get deflation. This is often associated with a struggling economy, such as Japan's for much of the last two decades.
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Inflation holds steady at 3.8% ahead of BoE meetingThe rate of inflation did not rise in August, but the Bank of England is still expected to keep interest rates on hold tomorrow
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Thousands of savers with £250k pensions take cash over tax-free money and IHT fearsWith a record £70 billion withdrawn from pensions in the year to March, experts are concerned savers are making knee-jerk decisions without advice that could affect their long term wealth
