Inflation in the uk, good or bad?

hi,im doing a little research about inflation in the uk,the research is for my university course( events management).i found this piece of text on the national statistics website

CPI annual inflation 閳?the Government閳ユ獨 target measure 閳?was 2.2 per cent in January, up from 2.1 per cent in December.

and a little futher down

As an internationally comparable measure of inflation, the CPI shows that the UK inflation rate in December, at 2.1 per cent, was below the provisional figure of 3.2 per cent for the whole of the European Union.

I am not good with economics and have only started to understand what inflation is, but my question is, is this 2,1 % a good sign for the uk economy? i know this means that some things might get more expensive but doesnt it also mean that wages go up for example?

Inflation in the uk, good or bad?

I honestly dont know much about the UK economy.

but I do know a lot about inflation.

Inflation is good when controlled and kept between bandwidths.

The problem of inflation is this:

1. You dont want it too high - if its higher than the rest of the world, people start asking for payrises and those payrises will reflect prices - therefore your exports in the international market wont be as competitive.

2. You dont want it too low (below 0%) Because if prices are falling, people are putting off spending and therefore the economy contracts - disaster.

But if the UK gov thought they were going to hit 3.2% and they hit 2.1% thats ok - if its above 0% and below about 4% then its good.

The only thing is that if its a trend its not too good. then you%26#039;re looking at something that will keep falling.

The good news to that is the government will encourage you to spend more by offering lower interest rates.