Lamport Bassitt Solicitors - Legal News - Cost of living 'remains high in many areas for consumers'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Cost of living 'remains high in many areas for consumers' Consumers have witnessed increases in the cost of many good and services, according to one expert. Annie Shaw, editor of CashQuestions.com, observed that certain utilities are costlier than in previous years, despite inflation being kept low. She said: "We are seeing huge increases in the price of some foods and other things - like oil prices - have been very volatile." In addition, Ms Shaw discussed the wider economic implications of the current inflation levels, which remain above the Bank of England rate. The expert asserted: "Anybody who is living on a fixed income or living off their savings is very badly disadvantaged." Overall, it could be said that the general economic picture is depressing savings rates. According to the Office for National Statistics, the latest Consumer Price Index showed that annual inflation stands at 3.1 per cent. This compares with the rate of 3.2 per cent recorded in June. Posted by James Walsh Related Articles: 8/5/2012 - More companies fail as personal insolvencies fall 23/4/2012 - Landlords and insurers unite behind insolvency law reform 19/4/2012 - Enterprise Act 'does not need radical overhaul' 13/4/2012 - Retail insolvency rate up 15% as rent payments bite 28/3/2012 - Business insolvencies on the rise More Insolvency & Restructuring News