Daily Archives: November 13, 2016


How Inflation Affects Everyday Life

In the financial news, inflation seems to be all the talk of late. The Bank of England has predicted that inflation will hit close to 3% next year and this is a dramatic change from the current deflationary environment. One of the key drivers in bringing inflation to the shores of Britain is the devaluation of the Pound (£). After the brexit vote, the pound has depreciated greatly against most other developed currencies. The devaluation of the Pound makes imports more expensive as you know have to pay more pounds for a given amount of a foreign currency. As imports in the form of products and raw materials rise, businesses […]