Brexit bites back as more companies lift prices

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 UK’s vote to leave the EU.
Brexit bites back as more companies lift prices

French carmaker PSA Group lifted prices of its Peugeot, Citroen and DS vehicles by an average of 2% at the start of the month.

The increases make up for part of the pound’s 10% drop against the euro and its 13% fall versus the dollar since the June 23 referendum.

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