Britain’s decision to leave the EU is beginning to hit consumers in the pocket, having already spread uncertainty through the property market.
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From computers and cars to carpets and food, Britain's decision to leave the EU is beginning to hit consumers in the pocket, having already spread uncertainty through the property market.The pound has lost 10 to 15 percent of its value against the euro and the dollar since the June 23 referendum, raising the price of goods primarily supplied by foreign companies such as automobiles, computers, clothing and some foods.Price comparison website mysupermarket.com has already reported an increase of 1 percent in the price of an average basket of supermarket goods in July, blaming "fears of Brexit" for the second consecutive month of price hikes.Despite Brexit's tremors being felt in the economy, official figures do not yet reveal wild price fluctuations, reporting only a slight rise in inflation of 0.6 percent in July.
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