Households are facing a £6,000 increase in their bills this winter as energy costs, food prices and mortgage repayments soar.
Fears are growing that millions more families could be pushed into poverty by the end of the year in the worst cost of living crisis since the 1950s.
Average outgoings will rise by £4,610 a year between now and December, new analysis by the Centre for Economic and Business Research (CEBR) estimates.
It means annual household bills will be £6,219 more expensive this December compared with the same time last year.
The increases will be even higher for those with larger homes and bigger families.
The jump is being driven in particular by utility bills. The CEBR expects bills on ‘housing, fuel and power’ to be £2,724 more expensive this December than last year.
(Stock Photo) Annual household bills are expected to be £6,219 more expensive this December compared with the same time last year
Household spending on food and non-alcoholic drinks is…
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