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UK Inflation Hits 9% for April
The Institute for Fiscal Studies reports that average inflation reached 9% in the year to April, but that the poorest households faced inflation rates of 10.9%. This is 3% higher than inflation rates for the richest decile. Energy is hitting lower-income households particularly hard.
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"Energy price rises are disproportionately hitting poorer households. The poorest households spend 11% of their total household budget on gas and electricity, compared to 4% for the richest households."

Energy prices increased by 70% in the year to April, a rate of increase not seen for more than 30 years. Ofgem figures imply that for an average household this means an increase in gas and electricity bills of nearly £60 per month.
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Scoreboard Investor's avatar
At least personally, I feel like energy prices and utilities have the ability to price in inflation without the customer realizing. Utilities are paid after usage, so you’re kind of stuck paying whatever they set their rates/fees/charges at that particular month. A true handcuffing
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