Sunday, June 26, 2022

Families with children affected by a £400 monthly cost increase

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Families are seeing the prices of basic goods like heating, rent and groceries rising by £400 a month, according to a new analysis showing the depth of the UK’s cost of living crisis.

It found that low-income families with two children were among the hardest hit, as the cost of living rose 13 percent annually — much higher than the official rate of 9 percent.

That’s largely because they’re spending more on fuel and groceries, which have seen some of the sharpest price increases. Lowest-income families will be hit harder and sooner than others, the Joseph Rowntree Foundation (JRF) said.

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