Excluding food, drink, energy and tobacco, prices of consumer goods fell 18% from January 1997 to 2007 due to a strong Pound.
Now the trend has reversed. Due to the BoE deliberate decision to keep interest rates artificially low, the pound has been falling since early 2007.
It is now 25% less in trade weighted terms and down 30% against the Euro.
So the cost of imports will continue to increase.