Foreign economies can cause demand pull inflation as an increase in growth of foreign economies means that there will be a increase in demand for UK goods and services
What will an increase in foreign economies do to demand for UK goods and services?
increases
What types of inflation can foreign economies cause?
demandpull and costpush
Foreign economies can cause cost push inflation as an increase growth of foreign economies will lead to an increase in demand for commodities
What will increase in growth of foreign economies do to commodity prices?