Cost of living crisis: The FIVE things youll find more expensive

Cost of living crisis 'will hit UK hard' says Keir Starmer

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The cost of living is beginning to soar in Britain, and everyday people are beginning to feel their pockets being squeezed while getting on with everyday life. Certain products and services are rising in cost quickly – here are five things that will cost you more in the coming months.

Heating bills

It’s been difficult to avoid the news that bills are going to rise for almost all British households.

Global supply chain shortages have caused a host of suppliers to go bust, and the Ofgem price cap will rise by hundreds of pounds in April, leaving households with extraordinary bills.

This has a knock-on effect, as the price of energy is key in forecasting inflation rates – meaning rising household bills will also change the price of other purchases.

Crisps and drinks

Processed snacks like crisps have already risen in price – and are likely to rise further.

According to data from Kantar, prices for these snacks went up by 7.6 percent in the 12 weeks to the end of October, compared with the same period a year earlier.

Prices for canned drinks have gone up by nearly six percent in the same period – all of which has been caused by the backlog of the pandemic.

Second-hand cars

A shortage of computer chips is plaguing the car industry, meaning new cars are harder to get, causing the price of second-hand vehicles to boom.

For example, a three to five-year-old Ford Fiesta cost £7,448 in 2019 – but now costs around £9,770.

While it means those in the market for a new vehicle won’t get a bargain, those looking to sell could certainly cash in.

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Home renovations

The pandemic saw Brits renovate and remodel their homes in droves – and it quickly became one of the most popular activities during lockdowns.

But this has had a knock-on effect – along with supply chain issues, shipping costs, and worker shortages – as the cost of many raw materials such as timber, plastic, and paint has now risen

Paint is now 10 percent more expensive than it was in 2020, and and plastic used in windows has shot up by around 13 percent.

Uber

Once popular for being an extremely cheap way to get around, Uber is now almost as expensive as regular taxis.

The base fare in London recently increased by 10 percent – and those who want to travel at peak time face a 15 percent surcharge.

The company has said increased demand is to blame, and it needs more drivers – so fares have risen to attract new cabbies to its workforce.

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