Effects of Inflation a Month After Brexit Vote

The video discusses the impact of Brexit on the UK economy, highlighting a rise in inflation, particularly affecting manufacturing and exchange rates. Import costs have increased, affecting raw materials and consumer prices. Inflation is expected to rise further, with food prices likely to increase due to a weaker pound. The Bank of England's forecasts align with current trends, but inflation may exceed their predictions. The UK economy is entering a period of prolonged price increases, with inflation potentially surpassing 3% next year.

What has been the trend of inflation in the UK over the past two years?

How has the exchange rate affected the cost of bicycles?

What are the recent statistics regarding the price increase of imported food and raw materials?

What challenges are fresh food producers facing due to the weaker pound?

What do economists predict about inflation in the UK for the next year?