The cost of living crisis is set to enter a new phase, with food prices overtaking energy bills, a new report has warned.
Households are likely to start to see energy rates beginning to fall when the new price cap is set at the end of this month - but will soon be paying an average of £1,000 more on food each year compared to before the Covid pandemic as supermarket prices continue to soar.
And lower-income families will be worst hit as they already buy budget products so can't select cheaper alternatives, experts say, as they warned the cost of living crisis is set to enter a "new phase".
