The cost of living crisis is getting worse with prices rising at their fastest rate for more than 40 years.
Inflation jumped to 9.4% in the 12 months to June from 9.1% in May.
Food and fuel costs are the most concerning for families with some people seeing their gas and electricity bills increasing fivefold.
British families feeling the squeeze are cutting back on spending.
Because people need to eat, food is prioritised over clothing and fuel which is where most people are cutting back.
In June, petrol and diesel sales dropped by 4.3% and clothing sales dropped by 4.7%.
Food is a necessity and unfortunately that is where a lot of the price increases are seen. Basic foods such as milk, eggs, flour and butter have seen some of the biggest price increases.
Here are a few examples of the food price increases between June 2021 and June 2022.
Low fat milk – 26.3%
Butter – 21.5%
Mineral or spring waters – 19.5%
Flour (all types) – 19.3%
Whole milk – 18.6%
Olive oil – 18.2%
Other food products (inc yeast, baking powder, stock) – 17.6%
Sauces, condiments, salt, herbs and spices – 17.1%
Ready-made meals – 16.7%
Pasta products and couscous – 15.9%
Jams, marmalades and honey – 15.1%
Lamb and goat – 14.9%
Poultry (inc chicken, turkey, duck) – 14.9%
Margarine and other vegetable fats (inc peanut butter)- 14.6%
Dried, preserved or processed vegetables (inc tinned vegetables, beans and pulses) – 14.6%
Fresh or chilled fish – 14.2%
Frozen vegetables (except potatoes) – 13.2%
Coffee – 13.2%
Other meat preparations (inc pate, canned meat, meat pies) – 13.1%
Cheese and curd – 12.4%
Other bakery products (inc biscuits, cakes, sweet pies) – 11.5%
Eggs – 11.5%
Other milk products (inc cream, soya milk) – 11.3%
Beef and veal (inc minced) – 11.0%
Crisps – 10.0%
Pork – 9.8%
Bread – 9.7%
Source: Office for National Statistics (ONS)
The cost of people’s weekly shop has jumped. I recently saw one woman on Twitter claim that her shop had jumped from £30 something to around £100. That is quiet scary if you have a family to feed.
The increasing costs to food and fuel are stretching people to the maximum with many now struggling to make ends meet.
Fortunately it is summer as I write this, but winter isn’t far away and people will once again be forced to make the painful decision whether to eat, or heat the home.
I can’t imagine that there is much worse than having to make that kind of decision. Some parents have even skipped meals just so that their children could eat.
Times are pretty desperate for some people with many working second or third jobs.
But you don’t need to look for another job to make extra money each week. There are other ways.
Let me introduce you to John Lee.
John has been making ‘extra’ money each month betting on a small manageable number of horses.
John has a specific 15 – 20 minute method of picking his horses which has resulted in him winning so much money that he has had his accounts closed down at several bookmakers.
He even had letters asking him to not bet at their shops due to the fact that he was winning more than they liked to pay out.
It takes just a few minutes to pick his selection.
John has been using the same system on and off for 45 years. The on and off nature was partly down to the fact his accounts were closed before he had the opportunity to use Betfair.
Once Betfair came along, all bets were back on.
Betfair is a betting exchange which allows users to bet against each other. There is no betting against the bookies and because Betfair makes their money through fees on all winning transactions, they make more money if you make more money.
It is a complete win-win situation.
I don’t know of anyone who has had a Betfair account closed down for winning too much money.
Closing down winning accounts is like killing the goose which lays the golden egg. You’d be a fool to do that.
If you would like to know more about John Lee and how he makes thousands in extra money each month, click the link below:
The Rainbow System
Kind regards
John Harrison
PS… I don’t know what your financial position is, and I’m not going to presume. But whether you could just do with some extra cash to pay escalating fuel and energy bills, or have all that covered and want to take advantage of some of the more exciting things life has to offer… maybe a new car or home makeover, or being able to help out the family…The Rainbow System is going to enable you to do it.
Here’s that link again: