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We dont have stagflation, inflation is predicted to go up to 3% this year
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We don't have it in the same way that someone falling off a skyscraper is perfectly healthy as he accelerates past the 20th floor. If inflation is going up and growth is going down, that contains the seeds of stagflation unless the interest rate cuts haul growth back up.
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yet more money flows out of the country
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Irrelevant to this, what matters to inflation is whether the goods people buy are cheaper. If they were made in the UK they'd be more expensive, which pushes inflation up. The problem with fuel price rises comes when goods start to become more expensive and stop cancelling it out. It's no use looking just at one aspect of the economy which is why inflation uses a basket of things. Considering how much fuel's gone up by it's amazing that inflation is as low as it is, which can only be because the cost of goods has come down (how much was your last DVD player? Mine was under £20. My first one was £179. That's a lot of fuel tax I can buy instead - about 175 tankfulls, in fact).