Can a frog-shaped chocolate bar explain economics? So far this year, the UK has faced train strikes, nurse strikes, teacher strikes and more. Now, some workers are turning to Freddonomics to explain how even as wages rise, their pay is falling.
‘Freddo Index’ exposes cost of living crisis
Glossary
Strike - When people refuse to work until their demands for changes have been met.
Inflation - An increase in the price of goods in an economy.
Retail price index - A measure of inflation published monthly in the UK.
Consumer Price Index - A measure in inflation, tracking how much a basket of goods would cost you over time.
Civil servants - Anyone working in a government department. The civil service has long-standing traditions and strict codes of conduct that can make it a law unto itself.
Fascist - Following fascism, a set of ideologies that advocates dictatorial power, political violence, suppression of opposition, traditional gender roles, and official racism.
Mussolini - The fascist dictator of Italy from 1925 to 1945.