The latest inflation data was released this week and the effects of the border closure are beginning to be apparent with regards to food inflation. As I mentioned in my last update, September was the worst September since at least 2009 when you look at monthly changes in food prices. The latest data show that the trend continues with this October also the worst October since 2009. Altogether more worrying when you remember that this should be the harvest period and food prices should at least be flat.
Border closure and food inflation? 5 & 6.
Border closure and food inflation? 5 & 6.
Border closure and food inflation? 5 & 6.
The latest inflation data was released this week and the effects of the border closure are beginning to be apparent with regards to food inflation. As I mentioned in my last update, September was the worst September since at least 2009 when you look at monthly changes in food prices. The latest data show that the trend continues with this October also the worst October since 2009. Altogether more worrying when you remember that this should be the harvest period and food prices should at least be flat.