Cost of living: Two-child families paying £400 a month more

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Cost of living: Two-child families paying £400 a month more
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Have you noticed a change in monthly costs?

The cost of these basic household budgets - known as the Minimum Income Standard - has often gone up faster than inflation, which is calculated using prices across the whole economy.

Peter Matejic from anti-poverty charity the Joseph Rowntree Foundation says low-income households are hit the hardest by price rises: "Families in poverty are feeling the worst effects of the frightening jumps we are seeing in the cost of living, because more of their budget goes on essential items and their incomes just can't keep up.

The government has said it is supporting families struggling financially in the face of rising prices, including a £150 council tax discount and a £200 loan for energy bills in the autumn.to offer more support to households

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