In the referendum on British EU membership last June, a small, 51.9 percent majority of the participants voted out. The study, published on Monday by the prestigious London Economics University at London School of Economics, Center for Economic Performance (CEP), used different model calculations during its investigation. They pointed out how unexpected market and real economic shocks caused last year's referendum. The sudden weakening of the pound resulted in a cumulative inflation acceleration of 1.7 percentage points in the year following the referendum by June 2017. This 17 percent increase compared to the rate that would have been expected without this shock in the same period.

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