Quote Originally Posted by Husar View Post
I didn't say that it doesn't, I said the effect can be delayed or that inflation numbers can be misleading as far as real inflation is concerned depending on how they're calculated or what you personally buy.

edit: okay, the "nothing to do with inflation" was a bad formulation in that regard.

Oh and the inflation does also not impact prices, prices impact inflation, so you can't say that imported goods can't become more expensive due to low inflation. The same can be true for locally produced goods since inflation is just an average, single items can have a lower or higher change in price.
Inflation in the UK's case over here is fueled by Brexit - and look at the Tesco price war with Unilever. Unilever is suffering because of the pound, leading to higher prices and lower profits. They want to offset those costs by raising prices -> inflation.

And this is just one example.

The effect will be delayed for a little while before the rest of the producers and retailers see how the government is dealing with the formal application of Brexit. Hence why some are resisting price increases for the moment.