Inflation means inflation, but who wins?

Inflation means inflation, but who wins?

Sooner or later, the downward pressure on the pound since the UK's Brexit vote is expected to lead to upward pressure on the prices of most things we buy.
The pound has repeatedly lurched lower in value since the outcome of the June referendum and is now the world's worst performing currency of 2016. Against the dollar, it is now worth 20% less than it was before the vote, and that fall is unlikely to be reversed in a hurry.
The basic laws of economics dictate that this will translate into higher inflation: foreign firms exporting goods to the UK will continue to charge the same amount for... read more

18 October 2016 in Business, Views: 44
Source: BBC

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