Britain’s poorest households have suffered higher rates
of inflation over the past decade than wealthier households, official research
suggests. The bottom 10% of the country in terms of spending faced an average
annual price increase of 3.7% since 2003, according to the Office for National
Statistics, compared with just 2.3% for the top 10%. By comparison, the
consumer price index – the official measure of inflation designed to capture
price movement for households overall – has risen by 2.6% each year on average.
The ONS said much of the discrepancy was explained by the greater exposure of
lower-spending households to changes in the price of food, fuel and energy.
Download the report from the ONS website.
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