Greenest Government Ever: Soaring Energy Bills Stoke Up Inflation For Hard-Hit Households
The latest hammering for millions of households from soaring gas and electricity bills kept the cost of living stubbornly high last month, figures showed today.
The Bank of England’s consumer prices index stood at 2.7% for the third successive month in December, well above the monetary policy committee’s 2% target and even further above the average 1.7% annual increase in wages.
The impact of price hikes from the “big six” energy suppliers triggered a 5.2% jump in gas bills and a 3.9% rise in average electricity costs, the highest since August when a previous round of even steeper rises was being felt. The increases put yet more pressure on consumers’ disposable incomes as Britain cranks up the heating to ward off the current cold snap.