It's more than double the rise in energy bills that they had to suck up last year. Ms Czok says starting a family is going to have to wait.The pay bump she got with a new job as an admin assistant for the council doesn't come close to the double hit of inflation and rising interest rates.The official inflation number that drives discussions of the cost of living doesn't take account of mortgage interest costs.
They also don't count the interest paid for things you buy with your credit card - only the original price is tracked.The Office for National Statistics is developing Adding mortgage rates in might push it up by about another two percentage points in a year like this with rapidly rising interest rates. It would push inflation down in a year with falling interest rates.
But those who are getting hit will be hit hard. It moves serious money worries back up to people we would have previously thought of as doing ok.
Thanks God!!! Imagine putting a baby in this crazy world!!
The soaring cost of living is mai lying being cousd by Sadiq Khan's policy's..