Demand Pull or Cost Push Inflation!

• Higher retail sales spending and consumer credit figures are announced:Demand Pull
• A fall in the value of the exchange rate causes an increase in the price of imported components for the UK motor car industry:Cost Push
• The number of people unemployed in the UK falls to a twenty five year low:Demand Pull( more demand, less unemployed) and Cost Push (less unemployment leads to increase in cost of wages)
• Oil prices increase as OPEC cuts it's supply: Cost Push
  
• Skills shortage in engineering industries lead to higher wages: Cost Push
• A wet summer raises the price of vegetables in the supermarkets: Cost Push
• A rise in the world price of copper used in the telecommunications industry: Cost Push
• The Government announce a rise in the standard rate of VAT from 17.5% to 20 %:Cost Push