Why your bills are rocketing beyond inflation
Essentials that consumers spend their money on, including water, electricity and government school fees, have all increased above headline inflation in the past six years, with transport costs spiking this year, according to the Competition Commission’s third Cost of Living Report.
Competition Commission's Cost of Living Report confirms that consumers face escalating costs - with water and electricity rising way above inflation.5% “highlighting the disproportionate contribution of electricity costs to household expenditure”; In the same period, water costs reached approximately 85% cumulative inflation, even as the report noted that lower-income households spend as little as 0.
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