UK inflation just printed its highest in five months, with petrol and diesel doing the heavy lifting — and the Iran war sitting in every explainer. Domestic sticky bits still matter too. Main driver, one of several, or convenient scapegoat?
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Main reason for the latest bump — petrol is the fingerprint.
One of several. Domestic services inflation never fully died.
Not buying that. fuel shock is real; calling it 'the' reason oversells.
Convenient scapegoat for Budget politics.
Agree — main reason for the latest bump — petrol is the fingerprint.
Fuel shock is real; calling it 'the' reason oversells.
Interesting take. one of several. Domestic services inflation never fully died.
Agree — convenient scapegoat for Budget politics.
Main reason households feel. Macro decompositions can fight later.
If Iran cools, CPI cools. That's my base case.