Following last year’s referendum on the UK’s membership of the European Union, there has been a significant rise in consumer prices, particularly food prices. Rising prices coupled with limited increases in nominal wages have led to the return of falling real wages. These are the early findings of research by Josh De Lyon, Swati Dhingra and Stephen Machin, which is analysing the first full data on what has happened to inflation in the wake of the referendum. The researchers have collated data on price inflation before and after the vote to explore whether there is any empirical connection between Brexit and consumer prices.

---

Josh De Lyon, Swati Dhingra and Stephen Machin

1 October 2017     Paper Number CEPCP518

Download PDF - In brief... Brexit: the impact on prices

This CentrePiece article is published under the centre's Trade programme, Labour markets programme.