It’s no secret that inflation is driving the cost of living to record highs
Inflation. Cost of Living and Bear Markets. These are some of the terms being used as the pandemic, war in Ukraine and global supply chain crunch hits consumers.
But as people feel the pinch at the supermarket and petrol bowser, researchers are showing grave concerns over the mental health impacts of rising costs.
It’s leading people to cheaper alternatives, like unhealthy food choices.
Research shows cost of living pressures can cause stress, fear or anger.
One in seven low income private renters in England will be unable to eat and heat their homes for one day per week.
With inflation on the rise, consumers are also bearing the brunt at the checkout.
Australian data shows the price fruit and vegetables has risen 6.7 per cent more than this time last year.
But takeaway foods only went up by 0.7 per cent.
It’s seeing people shift to more convenient, less expensive food choices.
The data comes amid soaring inflation around the world. Scotland is reporting prices rising at their fastest rate in 40 years with fuel costs and food bills pushing up the cost of living.
Lawmakers are scrambling to ensure some economic relief. Germany is offering a 9 euro ticket for public transport each month.
Meanwhile, U.S. President Joe Biden will meet Saudi’s Crown Prince to combat record high gasoline prices.
