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flag UK inflation expectations hit 2019 levels, signaling potential stagflation concerns.

flag UK public expectations for inflation have risen to levels not seen since 2019, with long-term expectations reaching 3.8% and the next 12 months expected to see a 3.6% increase. flag These rising expectations could signal potential stagflation, as higher inflation expectations may lead to increased wage demands and higher prices. flag The Bank of England will consider these trends in their upcoming rate decision.

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