Senior 5 Economics Notes on Inflation

These notes explain inflation as a sustained rise in the general price level and introduce its measurement using the consumer price index and GDP deflator. They distinguish mild and rapid inflation, then discuss demand-pull, cost-push, structural, imported and monetary inflation. Explanations connect price increases to money supply, production costs, shortages and currency depreciation, with several examples focused on Uganda. The material also outlines proposed measures to control inflation and discusses its effects on consumers, producers, borrowers and government revenue. Guiding questions ask learners to explain causes and evaluate control measures.