Costs for UK families with two children rises by £400 a month

UK households are grappling with a cost-of-living crisis, as prices rise significantly faster than wages. Photograph: Maskot/Getty Images

The cost of basic goods and services needed by the average two-child household in the UK has risen by £400 a month, according to an analysis that suggests families are experiencing faster inflation than official figures indicate.

Costs for families with two children have risen by an annual rate of 13%, according to the research from Loughborough University, faster than the 9% rate of inflation found in official statistics – itself a 40-year high.