Inflation

[Unphased]

With Inflation in the Eu hitting 8.9% and the UK’s at 9.4 %, I think we can now see the full effect of leaving the EU, A whopping 0.5% difference. Not really much to right home about

I don't think a snapshot on one day is helpful or particularly illustrative.

What you should be looking at is core inflation.

One thing that the UK is particularly exposed to is anything that is imported. A collapsing pound and Brexit supply issues raises import costs, this is then reflected via increased prices.

In the UK, core inflation has increased from 5.8% in June to 6.5% in October.

This is driven by food prices now, which are increasing at a clip of 10.6% (October).

That 10.6% will go even higher over the next 12 months as supplies get hit due to the Ukraine War (next years crops are planted this year and due to War and Climate change the yield will be poor).

An additional problem in the UK is a lot of costs are linked to RPI. Phone, Utilities, Water, Energy etc.. So many companies will pass on extra costs next year (2023) in the 15% more range (RPI + x%).

2023 is unfortunately looking to be an absolutely abysmal year for the UK.