Of the selection of rising prices, soaring gas bills are expected to take one of the biggest tolls, particularly for lower income households – with some spending as much as 12 percent of their budget on gas.
Another key area is food, which has been hit by supply chain issues and shortages.
Laura Suter, head of personal finance at AJ Bell, said: “The biggest price rise of all food items is fruit drink bottles, so things like Fruit Shoots, which are a staple in many parents’ weekly shop.
“A pack of them has risen 32 percent this year.
“The other biggest risers are a pack of yogurts, which is up 19 percent, and low-fat spread, which has risen 18 percent.
“It’s going to cost more to make a spag bol now, as tinned tomatoes have risen in price by 17 percent.”
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