Living costs ‘higher than reported’

Nine out of 10 people claim the cost of living is rising at nearly three times the rate of official inflation figures, a survey shows.

Despite Office of National Statistics (ONS) figures showing inflation is currently running at 2.5%, consumers feel they are really facing price hikes of 7.3%, according to financial website Fool.co.uk.

Overall two out of three people say their personal rate of inflation is between 4% and 9%, while one in five claim it is between 10% and 15%.

Channel 4 – News – Living costs ‘higher than reported’

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