It seems likely that in the new year prices of essentials like gas and electricity will increase as well as imported food. The US dollar is the international reserve currency and is used for international trade. The pound has been devalued against the dollar. Last November the pound bought $1.60, now it buys just $1.24. While food manufacturers try to absorb the extra cost, energy providers will eventually pass the cost on to us the consumers. Higher interest rates and a depreciating currency will drive inflation.