WE are paying more for our weekly shop. We hear prices keeping going up...but that hardly seems like a headline, does it?
Yet, put up against the current stark economic picture, it warrants further investigation.
We revisited Tesco – though it could have been any supermarket – following last week’s inflation news.
Thanks to booming food prices, the Bank of England is having trouble pegging inflation at its two per cent target.
It is currently 3.1 per cent – meaning we are paying more and more.
Our basket of goods contains run-of-the-mill items which would fit into most families’ larders.
A five per cent increase over two years is tough. However, coupled with the fact most of us have not seen a penny more in our pay packets, means things are getting tight.
Many families are struggling to make their cash stretch. And things aren’t expected to get better soon.
How much faith do we have in the Government to start putting a brake on these punishing price rises?
I can hear your answer loud and clear.
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