The real economic growth rate removes inflation in its measurement of economic growth, unlike the nominal GDP growth rate. Real GDP can be calculated by adjusting nominal GDP by inflation.

Despite already elevated inflation rates, Prestige Economics has forecasted that the January CPI report on February 12 could show decelerations in year-on-year total CPI to 2.5% from 2.9% and core ...

YouGov research last year found one in five Britons don't understand what inflation is, while separate polling five years ago suggested one in four don't know what the chancellor of the exchequer does ...