This will be set lower than the old energy price cap and the energy price guarantee (which ends in June) and means the average household bill will fall to £2,074, saving the typical family £426 a year, compared to the current price guarantee level of £2,500 a year.īut Myron Jobson, senior personal finance analyst at Interactive Investor says its important families are still careful – you could still end up paying much more than £2,000 a year.

From July a revised energy price cap will come back into force. Good news is on the horizon though – and not just because warmer weather means we can hang the washing on the line and turn the heating off. The cost of heating our homes has also been soaring – we’re paying 17.3% more for electricity than we were a year ago and 36.2% more for gas. Being savvy with meal planning should also ensure you’re only buying things you need and not ending up with food that goes to waste.” 2. “You can also try buying the own brand and value ranges in store rather than pricier branded goods. “Households are having to cope with food costs running 19.1% higher than last year, with no sign yet that the pace of rises is about to slow significantly.įrom switching to shopping at the cheapest supermarket to planning ahead, finance expert Sarah Pennells says there are plenty of ways to trim your supermarket spending. Anyone who’s been into a supermarket recently will know first-hand how much the cost of everyday essentials has risen. Emma-Lou Montgomery, associate director for personal investing at Fidelity International says: “Food in particular is a major concern. Your weekly food shop is one area where you’ll really feel the pain of inflation. See all weight loss and exercise features.Child development stages: Ages 0-16 years.See all conception & fertility features.Fines for taking children out of school.

Interactive water inflation games