The announcement yesterday that rail fares are to rise by almost 2 per cent in January is a foretaste of inflationary pressures to come. After oscillating between zero and 1 per cent for the best part of two years, inflation is about to pick up speed. At the very least, British shoppers must brace for a burst of price rises over the next 12 months as the 17 per cent post-referendum slide in sterling feeds through into the real economy. If anything, yesterday’s official inflation numbers suggest that the spike could arrive a little sooner than expected. Headline CPI inflation…

Source: The Times August 16, 2016 23:03 UTC