Families are facing a deepening cost of living squeeze, with food prices expected to rise for at least two more years and energy bills forecast to increase by 25% this winter.
Families across Britain are set to experience a continued squeeze on their finances, with food prices predicted to rise for at least two additional years. This comes alongside a forecast sharp increase in energy bills this winter.
The cost of living is expected to deepen further, with energy prices specifically anticipated to jump by 25%.
Why this matters: The forecast increases in food and energy prices indicate a deepening cost of living squeeze for families.
What this means for you: You may face higher costs for food for at least two more years and a 25% increase in your energy bills this winter.
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