Household bills rise at twice the rate of inflation

Household bills have risen at nearly double the rate of inflation over the last decade, eroding people’s disposable incomes and reducing their standards of living, according to new research from Santander.

Santander found that the cost of household bills rose by 71% between 2001 and 2011, with gas and electricity bills doubling in price.

Meanwhile, growth in people’s wages has lagged both inflation and the rise in household bills, meaning consumers have gradually had less money to spend each year.

 

Source:  telegraph.co.uk

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