Households cut food shop by 7.5% last year amid cost-of-living crisis
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. While nominal spending on the category increased over the period, there was a 7.5% real-terms drop when accounting for inflation, making it the area where households made the biggest cutbacks, the agency said. The figures suggest households were “either consuming less, or where applicable buying lower quality items”, the ONS said. The richest fifth of households’ weekly spending was more than twice that of the poorest fifth of households in the financial year ending March 2023, at £857.30 and £356.90, respectively, the ONS said. The ONS said in its data release that the figures suggest that poorer households “have less capacity to offset increased energy prices by either using less or switching tariffs, thus are probably more vulnerable to increased energy prices”.
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