What is the relationship between interest rates, CPI, inflation and unemployment rate?

According to the short-term Phillips curve, there is an inverse relationship between the inflation rate and the unemployment rate. When the inflation rate is high, the unemployment rate is low. Therefore, in order to reduce the unemployment rate, the government may sometimes deliberately create a certain amount of unemployment. inflation.

CPI is the national consumption index. If the CPI value is relatively high, it proves that there is a certain amount of inflation.

When interest rates are high, people's desire to invest decreases and they would rather keep their money in banks, resulting in insufficient currency circulation in the market, which is not conducive to economic development and may lead to an increase in unemployment.