wulbert
pfm Member
Estimates now predicting cost of living increase of around 7%. However if you are a poorer family, spending nearly all your money on heating and food, the real increase in your costs is far higher.
Food writer Jack Munroe pointing out that some essentials like pasta and rice are up 100% - 300% plus. Energy costs have risen 30% over last year with perhaps another 50% uplift in the pipeline.
Joseph Rowntree Foundation are now talking about "Deep Poverty" in Great Britain.
https://www.jrf.org.uk/report/uk-poverty-2020-21
Food writer Jack Munroe said:
"It infuriates me the index that they use for this calculation, which grossly underestimates the real cost of inflation as it happens to people with the least. Allow me to briefly explain.
"This time last year, the cheapest pasta in my local supermarket (one of the Big Four), was 29p for 500g. Today it’s 70p. That’s a 141 per cent price increase as it hits the poorest and most vulnerable households.
"This time last year, the cheapest rice at the same supermarket was 45p for a kilogram bag. Today it’s £1 for 500g. That’s a 344 per cent price increase as it hits the poorest and most vulnerable households.
"Canned spaghetti. Was 13p, now 35p. A price increase of 169 per cent.
"Bread. Was 45p, now 58p. A price increase of 29 per cent.
"Curry sauce. Was 30p, now 89p. A price increase of 196 per cent.
"A bag of small apples. Was 59p, now 89p (and the apples are even smaller!) A price increase of 51 per cent.
Food writer Jack Munroe pointing out that some essentials like pasta and rice are up 100% - 300% plus. Energy costs have risen 30% over last year with perhaps another 50% uplift in the pipeline.
Joseph Rowntree Foundation are now talking about "Deep Poverty" in Great Britain.
https://www.jrf.org.uk/report/uk-poverty-2020-21
Food writer Jack Munroe said:
"It infuriates me the index that they use for this calculation, which grossly underestimates the real cost of inflation as it happens to people with the least. Allow me to briefly explain.
"This time last year, the cheapest pasta in my local supermarket (one of the Big Four), was 29p for 500g. Today it’s 70p. That’s a 141 per cent price increase as it hits the poorest and most vulnerable households.
"This time last year, the cheapest rice at the same supermarket was 45p for a kilogram bag. Today it’s £1 for 500g. That’s a 344 per cent price increase as it hits the poorest and most vulnerable households.
"Canned spaghetti. Was 13p, now 35p. A price increase of 169 per cent.
"Bread. Was 45p, now 58p. A price increase of 29 per cent.
"Curry sauce. Was 30p, now 89p. A price increase of 196 per cent.
"A bag of small apples. Was 59p, now 89p (and the apples are even smaller!) A price increase of 51 per cent.