UK News

UK £145 (€163) average rise to monthly essential costs since 2022 began


New research shows how the rising cost of living has impacted household budgets so far this year, and the steps consumers are taking to manage rising prices.

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:

  • A third buying more own brand/value products.
  • A third buying more products on promotion/discount.
  • A quarter switching brands.
  • A quarter shopping at less expensive retailers.
  • A quarter buying fewer items.
  • One in five swapping eating out for premium home cook meals.
  • One in ten spend more on credit.

When asked about their ability to still make non-essential purchases:

  • 24 per cent said they had been buying more of the things they want in 2022.
  • 34 per cent said about the same amount as in 2021.
  • 26 per cent said they had been buying less than in 2021.
  • 16 per cent weren’t sure.

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.”

Thank you for taking the time to read this article, do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.

Anna Ellis

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

Recent Posts

  • Football

BREAKING: Brazilian legend Pelé reportedly hospitalised in Sao Paolo with swelling all over his body

WORRYING reports coming out of Brazil on Wednesday, November 30 suggest that Brazilian football legend…

3 mins ago
  • Spain

Make sure your voice is heard by registering and voting in local elections

If as a foreign community resident in Spain, you want your voice to be heard…

8 mins ago
  • Costa Blanca North

IBTM World, the most important trade fair for Meetings, Incentives, Conferences and Exhibitions tourism

The Alicante City & Beach Tourist Board attended IBTM World, the most important trade fair…

17 mins ago
  • Ukraine crisis

Top British TV star spotted with film crew in Ukraine

IMAGES have emerged of a top British TV star alongside a film crew in Ukraine…

19 mins ago
  • Spain

BREAKING: Man injured at Ukraine embassy in Madrid after suspected letter bomb attack

A Ukrainian embassy worker in Madrid has been injured after the apparent explosion of a…

1 hour ago
  • Italy News

Autopsy ordered after 7-year-old boy dies suddenly while playing with friends in Siena, Tuscany

HEARTBREAKING news coming out of Italy on Wednesday, November 30 after reports that a 7-year-old…

2 hours ago