The True Cost Of Inflation Is Causing Brits To Struggle
Rising living costs are increasingly burning a hole in consumers’ pockets and purses, it has been suggested.
In research carried out by the Motley Fool as part of its bi-annual inflation study it was revealed that increases in the cost of living for “real people” are surging at an annual rate of eight per cent. Such a figure, the firm pointed out, is significantly behind data released by the Office for National Statistics which reported that the consumer price index (CPI) is currently at three per cent. This actually means a rise from the 2.5 per cent recorded in April. It was stated that the drive in the CPI - which the government uses to adjust wages - was due to increases in energy costs such as gas, electricity and heating oil.
Personal Finance
Because of the variation in the CPI and the Fool’s inflation index, it was predicted thatthe actual houshold income […]
Original post by mikejohns