It's a crisis that is hitting everyone in the country in the pocket and threatening to worsen the divide between the poorest and richest.
The simple fact is that the cost of everyday essentials such as heating, food and fuel is rising faster than average household incomes, forcing many people in Leeds to make hard choices.
New data this week suggests that basic goods and services for a typical family with two young children are about £400 a month more expensive than they were last year. Energy prices added about £120 to families' monthly costs as price caps rose and cheap tariffs ended.
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And as Boris Johnson and his government comes under growing pressure to help, The Northern Agenda political newsletter wants to know how it's affecting people in Northern England.
