"With essentially stagflation in wages and salaries, combined with determined and successful efforts to achieve productivity increases across most sectors, why do we have inflation of around 2%, reportedly climbing slightly in the year ahead."
I don't understand the question completely, but if it is about why inflation is so low or why central banks are still bellow their 2% inflation target then maybe this article can help:
https://en.wikipedia.org/wiki/Global_saving_glut
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