... The rate of inflation measures the percentage increase in prices over time. The reason for this hypothesis is that both economies are open to international trade and active members of the global economy; this means that they both rely on each other for trade causing a certain dependency between the two economies. Due to this reliance if one economy is suffering from high inflation then this will either affect the other or they will both be experiencing the same economic conditions in the world economy causing there rates of inflation to be similar. My objectives for this project will be as follows: 1. Obtain a sufficient data set in order that I can perform my analysis. 2. Apply appropriate statistical methodology. 3. Interpret my results in order I can prove or disprove my hypothesis. 4. Further analyse to what extent my hypothesis is accurate using further statistical methods. Statistical Methodology The project consists of the analysis of ...

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