It's a crisis that is hitting everyone in the country in the pocket and threatening to worsen the divide between the poorest areas of the country and the richest.
The simple fact is the cost of everyday essentials such as heating costs, food and fuel are rising faster than average household incomes, forcing many people on Merseyside to make hard choices.
New data this week suggests 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.
And as Boris Johnson and his government comes under growing pressure to take further action to mitigate the worst effects of the cost-of-living crisis, The Northern Agenda political newsletter wants to know how it's affecting people in different parts of Northern England.
Fill in the survey contained in this article to let us know how worried you are about paying the bills and who you think is responsible for the crisis.
