UK’s low-income families to lose a fifth of their spare cash in 2022
The Guardian says the UK’s poorest families will see the amount of spare cash at their disposal drop by a fifth this year with £850 less to spend on non-essentials as shop prices hit a decade high.
Pressure on family budgets is tightening as grocery price inflation reached 5.2% in March, the highest level since April 2012, according to the latest figures from market analysts Kantar.
The company said prices were rising fastest for pet food and savoury snacks, such as crisps, but were still falling for some products such as fresh bacon.
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