Brexit Bites Back as Peugeot Joins Dell in Lifting Prices
- Weak pound raises cost of imported cars, carpets, computers
- After deflation fears, signs of inflation follow EU vote
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British consumers are starting to bear the costs of Brexit, with companies raising prices of everything from cars to carpets to counter a plunge in the pound caused by the U.K.’s vote to leave the European Union.
French carmaker PSA Group lifted prices of its Peugeot, Citroen and DS vehicles by an average of 2 percent on Aug. 1, a spokeswoman said Tuesday. The increases make up for part of the pound’s 10 percent drop against the euro and its 13 percent fall versus the dollar since the June 23 referendum.