Millions of us are really feeling the squeeze this year as energy bills rise by almost £700, and national insurance hikes mean we're even more out of pocket.
Making matters worse, the cost of things like food and petrol are also rising. Food price inflation has seen shops put their prices up on everything from milk to bread and potatoes.
Food inflation remained unchanged at 2.7% in February but remains above the 12 and six-month average price growth rates of 0.7% and 1.6%, respectively, and is at its highest rate since September 2013, iNews reports. The issue has been highlighted by poverty campaigner Jack Monroe, who forced the Office for National Statistics (ONS) to change the way it presents inflation data to reflect the impact on different products.
