Glancing at the exchange rates the pound fell year over year 5% from a local max vs Euro so this is on top of the certainly high inflation on Europe. Also it is

Glancing at the exchange rates the pound fell year over year 5% from a local max vs Euro so this is on top of the certainly high inflation on Europe. Also it is said that UK supermarkets lock in prices long term with domestic producers. But goods are somewhat mobile so the shelfs in the UK empty. And while it is just an anecdotal bit - our local Aldi here in Germany was selling British scones and shortbread. While the exchange rates over the past decade mostly move sideways and the effect yoy should be one-off the current moves in the financial markets have potential for further disruption and the UK being more isolated will see her Pound fluctuating more with more immediate impact on people and business.