UK inflation 80% caused by brexit

[Deleted member 294929]

Inflation rate EU by country 2022 | Statista

As of March 2022, the inflation rate in the European Union was 7.8 percent, with prices rising fastest in Lithuania, which had an inflation rate of 15.6 percent.

www.statista.com

It for March but hey ho

 

[Notch7]

Tell me what you can’t get and I’ll take a picture of it in my magical Brexit supporting supermarket including the price this Friday when I go shopping. Then you can shut up. How’s that? Deal? Don’t disappear again!

False argument.

the damage to supply chains as a result of brexit red tape and shortages of labour is proven.


This is what Brexit has done to you….desperately using deflection to avoid accepting facts

 

[Notch7]

Loads of EU countries have higher food inflation than the UK.

Food Inflation - Countries - List | Europe

This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Food Inflation. This page provides values for Food Inflation reported in several countries part of Europe. The table has current values for Food Inflation, previous releases...

tradingeconomics.com

WRONG

Brexit is driving inflation higher in the UK than its European peers after identical supply shocks​

Inflation is particularly acute in the United Kingdom, triggering a cost of living crisis for British households. Comparing like for like in core inflation rates, which strips out the first-round impact of volatile food and energy components, inflation is 1.6 percentage points higher in the UK than in Germany, nearly 3 percentage points higher than in France, and more than 3 percentage points higher than in Italy

Brexit is driving inflation higher in the UK than its European peers after identical supply shocks

Many high-income economies are suffering 40-year highs in inflation.

www.piie.com

 

[Notch7]

When was we the fastest growing G7 member?

That’s just a Johnson lie.

UKs economy slumped lower in 2020 than the EU

so it had a higher recovery rate for a short period in autumn 2021….but that’s what you get starting from a much lower point.

 

[Notch7]

He's quoting core inflation which excludes food and energy prices, bit odd when people are talking about food prices. Based on 'headline inflation', which includes food, energy and pretty much all the things people have to buy, UK has far from the highest inflation in Europe.

Oh well let’s use inflation rate

April 2022

Euro area 7.4%

brexit Britain 9%

Inflation in the euro area - Statistics Explained

EU statistics on inflation show the most recent annual rates of change for the euro area inflation and its main components.

ec.europa.eu

Consumer price inflation, UK - Office for National Statistics

Price indices, percentage changes and weights for the different measures of consumer price inflation.

www.ons.gov.uk

 

[JohnD]

all

nonsense.

 

[Mottie]

False argument.

Swerve

 

[Mottie]

He's quoting core inflation which excludes food and energy prices, bit odd when people are talking about food prices. Based on 'headline inflation', which includes food, energy and pretty much all the things people have to buy, UK has far from the highest inflation in Europe.

Swerve again. Yawn.

 

[fillyboy]

Oh well let’s use inflation rate

April 2022

Euro area 7.4%

brexit Britain 9%

Yes let's, without taking averages.

EU countries over 9%

 

[Notch7]

Yes let's, without taking averages.

EU countries over 9%

View attachment 270605

That doesn’t help you

EU 27 7.8%
Brexsh1t Britain 9%


UK imports almost 30% of its food from EU.

and on all that food we have to pay mahoosive Brexit trade barriers.

I wonder if brexers think:

rules of origin checks
sanitary and phytosanitary controls
transit documents
customs declarations
restrictions on cabotage
long delays at Dover

all cost nothing

 

[fillyboy]

**** me Notch if I had a pound for every time you used the words 'sanitary and phytosanitary controls' I'd be minted

and on all that food we have to pay mahoosive Brexit trade barriers.

So how come we have lower food inflation than the EU. And don't argue otherwise, that's why JohnD used core inflation figures that exclude food and energy.

 

[ajohn]

UKs economy slumped lower in 2020 than the EU

True and why the recovery rate was faster but studying actual level changes can be interesting. There is another factor as well down to covid. One that worries the BofE. Peoples cash assets increased. It appears they may still be higher than usual but they wonder given current situations if people will spend it. This area is also thought to have influenced recovery rates giving things an initial boost.

 

[ajohn]

So how come we have lower food inflation than the EU. And don't argue otherwise, that's why JohnD used core inflation figures that exclude food and energy.

Just where in the EU is that true? France's inflation when numbers were stated a week or so ago were way lower than others. Energy supplies may have something to do with that. Germany's lower than the UK.

France went very nuke for power. May have some bearing on this. Germany started getting out of it and retained coal. The greens probably have something to do with that.

Anyway. Fertiliser is going to hit food prices. It's currently like gold dust. That cost will feed across or less will be used reducing output. That even applies to milk due for feedstock.

 

[ajohn]

used core inflation figures that exclude food and energy.

Actually essentials inflation was estimated as being in excess of 10% before it reached it's current level. That often applies to what could be called cheaper items that all people regularly buy. Food is an example;

 

[Vinty]

What i find strange about the whole brexit debate, is the fact that so many remainers seem to want Brexit to fail even though they will suffer the consequences of failure along with those who voted brexit.
They are like Turkeys who can't wait for Xmas.