Discover how macroeconomics impacts GDP, inflation, and unemployment, and learn how policy decisions shape economic stability ...

The Bank of England and the ECB – like most inflation targeting central banks – use the CPI to measure price inflation. But by definition, the CPI only includes the prices of goods and services ...

Economists also said lower inflation and a weak GDP deflator have dragged nominal growth to around 10%, even as real activity improves; the bigger challenge now is jobs and wage growth.