household costs

Household costs rise by 2.5%

29th August 2024 Arrears and Recoveries | #household costs

Latest ONS data as measured by the Household Costs Index (HCI), has found that household costs rose 2.5% in the year to June 2024, slowing from the annual rate of 4.5% in March 2024. Over the past three years, the all-households inflation rate has followed the fifth income decile most closely; costs for these households…

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Nominal increase in household expenditure costs

27th August 2024 Consumer Collections | #household costs

Latest analysis of ONS data has found that the average weekly household expenditure was £567.70 in the financial year ending (FYE) 2023, a nominal increase of £38.90 from the previous year (7%); however, after accounting for inflation this was a real-terms decrease of £21.10 (4%). The greatest real-terms reduction in expenditure was in food and…

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Household costs eased in March

31st May 2024 Consumer Lending | #household costs

Household costs eased to 4.4% in the year to March, from an annual rate of 5.3% at the start of the year, according to official data from the Office for National Statistics (ONS). Those with home loans had the highest annual inflation rate of 5.5%, reflecting rising mortgage interest payments. The report says mortgage interest…

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