cost of living

Priced out: the new inflation and its impact on living standards

Paper that identifies new evidence that, because of a new inflation environment, hard times started significantly earlier for households on lower incomes than for the average UK household. Because the costs of essential goods and services have been rising much faster than standard rates of inflation for some time, households on modest incomes have fared far worse than official data suggests. More and more are struggling to achieve a minimum standard of living.