it is. inflation is calculated by comparing costs it is. inflation is calculated by comparing costs for - it is. inflation is calculated by comparing costs for goods i it is. inflation is calculated by| comparing costs for goods and services that the average british person buys over time. today s figure of 3.2% means the cost is 3.2% higherfor the same figure of 3.2% means the cost is 3.2% higher for the same goods and services compared to a year ago. the bank of england dotted at some inflation is good but we don t want inflation is good but we don t want inflation to spike and continue on an upward spiral. truth? inflation to spike and continue on an upward spiral. inflation to spike and continue on an upward spiral. why is the bank of encland an upward spiral. why is the bank of england target an upward spiral. why is the bank of england target 2%? an upward spiral. why is the bank of england target 2%? i an upward spiral. why is the bank of england target 296? i don t - an