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Families Face 260 Pound a Year Increase in Food Bills

26/07/2011
Right Equity Release
It was recently reported in the National press that despite inflation falling in the past month, from 4.5% in May to 4.2%, food prices continue to rise.  It was reported by the Office for National Statistics that in the last 12 months food prices have risen by 6.5%.

Despite the fact that the overall cost of living is risinf a typical household, containing 2 adults and 2 children are spending £5 per week more on the same groceries, which amounts to a rise of £260 per annum.

Homeowners aged over 55 years who are concerned about increasing food bills and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.

 
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