MSE News: Inflation rises for first time in eight months

Eric_Pisch

I am surprised the rate is still so low.

As a country that imports the vast majority of its goods and alot of its food the devaluation of sterling by approx 20% does not yet seamed to have worked its way through the system yet.

I would expect inflation to rise sharply over the next months.

At its peak before the crash I was paying £1.48 a litre, now with just the drop in exchange rate (1.98 to 1.67) that would put it up to £1.71 a litre, there is also a some tax hikes in the mean time to add to that so £1.75-£1.80 in london would seam reasonable if oil goes back up to $147 a barrel.

£100 a tank per week if that happens, glad the cars going back in march