Increasing food price inflation will disproportionately affect low-income families

Responding to today’s ONS release on inflation rate estimates for UK household groups, Jack Leslie, Senior Economist at the Resolution Foundation, said:

“While the new ONS figures confirm that the average inflation rates experienced by different income groups are currently similar, they also highlight again how low income families experience inflation in a different way.

 

“On average the lowest income families spend twice as much on food and housing bills as the richest families. So increasing food price inflation and the looming energy price cap rise in April will disproportionately affect families already struggling to get by. These families should be the priority for the Government’s cost of living crisis response.”