By Anna Ellis • 26 September 2022 • 15:15
UK £145 (€163) average rise to monthly essential costs since 2022 began. Image: SB Arts Media/Shutterstock.com
In early September, KPMG surveyed 3000 UK consumers of varying household incomes, finding that essential household costs (food, energy, fuel, mortgage or rent) have risen by an average of £145.50 (€163.36) per month compared to when 2022 began.
The survey findings showed that the highest average monthly cost increase was amongst consumers aged 35-44, who reported paying £194.40 (€218.26) more a month than in January KPMG confirmed on Monday, September 26.
To manage those rising costs, consumers told KPMG how they are adapting with:
When asked about their ability to still make non-essential purchases:
Reacting to the findings, Linda Ellett, UK Head of Consumer Markets, Retail and Leisure, said: “Three thousand consumers told us, on average, that rising essential costs have left them £145 (€163) worse off a month compared to the start of the year.”
“Of course, some households are already paying more than this average, and all households still have October’s energy price rise to manage.”
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Originally from the UK, Anna is based on the Costa Blanca and is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at [email protected]
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