The number of people reporting higher costs of living has fallen.
56% of people said their cost of living had gone up in the past month, accorded to the ONS Opinions and Lifestyle Survey covering July.
This is the lowest level since February, and only the
fourth time in the past 13 months it has fallen below 60%.
In March, 79% of people, said their costs had gone up.
The level of people who had borrowed more money or increased their use of credit was static at 20%, and 32% of people said they had found it difficult or very difficult
affording energy bills: down from 35% in June.
However, 32% of people said they thought they would be able to save money in the next year: down from 32%.
Less than a quarter (24%) of people say they could afford an unexpected bill of £850: this measure has not been above 30% since September 2023.
