Blooom for Teens
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A meal deal costs about £4 today. If prices rise about 3% a year, what might it cost in 10 years?
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At about 3% a year, in ten years that same meal deal could cost…
About £5.38Prices tend to drift up a little every year, here about 3%. Run that on a £4 meal deal for ten years and it reaches about £5.38. Same lunch, bigger price tag: that slow creep is inflation.
Example only, around 3% a year, for illustration. Real inflation moves around; the point is the direction, not the exact price.