Umunna – Inflation announcement shows Brexit chaos is hitting people in their pockets

The rate of inflation on food and drink has reached 4.1%, its highest level for four years, the Office for National Statistics announced today. The overall rate of inflation stayed steady at 3%.

Commenting, Chuka Umunna MP, leading supporter of Open Britain, said:

“Today’s inflation announcement is yet more evidence of how the ongoing Brexit chaos is hitting people in their pockets.

“Not only is inflation continuing to run well above the Bank of England’s target, at 3%, but the inflation rate for food and drink has increased to 4.1%, the highest since September 2013.

“People are feeling the Brexit squeeze as real wages contract and everyday items become more and more expensive. Nobody voted in the referendum to make themselves poorer, so people have every right to look at the impact Brexit is having on their finances and ask themselves whether the realities of Brexit match up with what they were promised. If not, everyone has the right to change their minds.”  

/ends