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blondebier

Will Fuel Prices Push Up Inflation?

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This has been puzzling me for a few days now.

I saw a piece on the news at the weekend that said that fuel prices (unleaded) were around 80p per litre at the beginning of 2005. I distinctly remember my local Tesco was selling it at 79.9. We're now looking at national prices around a £1 a litre.

I wandered what effect this would have on UK inflation? (I thought it would have quite a substantial effect as the hike in fuel is pushing 20%.)

Also, there was talk that interest rates would also need to come down to help consumer spending and i've read various articles in the media saying that this was almost certain... :unsure:

Here's my question: Is inflation likely to rise rapidly due to the cost of fuel?

If it does...

Are interest rates likely to go down any time soon?

Any thoughts?

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  • 336 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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