UK food price inflation hit 16.2% in October – cost of food basics surging

Re:UK food price inflation hit 16.2% in October – cost of fo... by alkonaut on Sunday November 20, 2022 @12:43PM (#33683204)

What was the expected cost of Brexit in terms of wage stagnation and inflation relative to EU?

Sure, now the cost is added on top of the global average, but the UK economy would be suffering regardless, now it’s just suffering more.

But this was a deliberate choice. The Brexit was about “are you willing to pay X to get Brexit?”. Even low estimates of X were pretty bad.

[ Parent | on HN ]

Re:UK food price inflation hit 16.2% in October – cost of fo... by crisdux on Sunday November 20, 2022 @12:49PM (#33683261)

The fears of brexit causing inflation never panned out.

How do you justifying your suggestion that brexit has had a meaningful impact on recent inflation? The UK inflation rate has maxed out at around 2.5% for the last decade until mid/end of 2021. It's growth is line with the rest of the developed world.

[ Parent | on HN ]

Re:UK food price inflation hit 16.2% in October – cost of fo... by alkonaut on Sunday November 20, 2022 @02:07PM (#33684092)

Any Brexit impact on UK inflation would be due to weakened pound more than anything. But whatever economic impact Brexit will have is mostly yet to be seen, it’s still hidden by the pandemic and the war (especially supply driven inflation).

[ Parent | on HN ]