Uk inflation accelerates as imports cost more

[AtW]

Most big retailers all hedged their planned Xmas purchases well before Brexit.

We'll know who didn't in January's "final closing down" sales...

[Paddy]

Most big retailers all hedged their planned Xmas purchases well before Brexit.

We'll know who didn't in January's "final closing down" sales...

Two different local family owned stores that have been in the town since the 1950s have closed down before Christmas. Being small busnesses, they could not sustain the drop in Sterling. The bets are on that the local M&S will go in the New Year.

[NigelJK]

Crikey, wonder how they managed when we had to devalue the pound.

[AtW]

Crikey, wonder how they managed when we had to devalue the pound.

Probably because a while ago hedging wasn't as wide spread and more products were actually made in UK rather than in China, so that means that big shops would also have to increase prices quickly and that would keep level playing field, where as now small shops are fooked because big ones use hedging advantage while they still have it (so they get much cheaper goods, plus bulk buying power).

[jonnyboy]

I am most likely wrong (said it myself so I limit the bashing I get) but I personally can see inflation going pretty high over the next 2-4 years. If I was a betting man, I would expect IT TO HIT 2% spring next year, and then for it to hit 6 or 7% maybe 2019 or 2020 as the bank of England drop the controls and restrictions it has. With public and personal debt being so high, the only possible way to start reducing it in size is to let inflation grow (which then devalues the debt).

I wonder how many big names will go to the wall when this happens.

[BlasterBates]

Not all businesses will suffer, some are thriving:

[vetran]

Not all businesses will suffer, some are thriving:

your "The Donald" sex doll arriving soon?

[AtW]

I am most likely wrong (said it myself so I limit the bashing I get) but I personally can see inflation going pretty high over the next 2-4 years. If I was a betting man, I would expect IT TO HIT 2% spring next year, and then for it to hit 6 or 7% maybe 2019 or 2020 as the bank of England drop the controls and restrictions it has. With public and personal debt being so high, the only possible way to start reducing it in size is to let inflation grow (which then devalues the debt). I wonder how many big names will go to the wall when this happens.

There are two inflations.

One is what happens for realz and the other one (much lower) is the official Govts measure based on rapidly dropping costs of PS3.

[PurpleGorilla]

There are two inflations.

One is what happens for realz and the other one (much lower) is the official Govts measure based on rapidly dropping costs of PS3.

Don't forget the third inflation - house prices - which are now bought with magic beans and quantitative sleazying.

[DimPrawn]

https://www.bloomberg.com/news/artic...than-two-years

"Import costs surge by more than 15%, highest in 5 years".

And most retailers are discounting for Christmas. I suspect the rate of increase will be even higher next year.

Does a man on £2K a day worry about such things?