Energy costs are rising at their fastest pace in almost four years, despite the cost of other household bills and expenses growing at a steady rate, this month's MSE Bills Tracker reveals.
The rate at which household bills and expenses are increasing has slowed in the last month, according to the latest MSE Bills Tracker figures, with average costs up 2% over the past 12 months.
Energy bills are rising at the fastest rate since early 2014 and contributing to a 2.4% increase in a typical household's average bills and expenses, this month's MSE Bills Tracker reveals.
MoneySavingExpert.com has launched a new monthly Bills Tracker which uses official data to show how a typical household's bills and expenses change each month – and the first figures show average costs increased by 2.1% in the 12 months to July 2017.
The Consumer Prices Index (CPI) rate of inflation fell to -0.1% in the year to September, the Office of National Statistics (ONS) has today announced. But this means the basic state pension will rise by at least 2.5% next April.
Unemployment has fallen to 7.1% – within touching distance of the figure which will be used to decide whether interest rates will increase, official data has revealed.