- Thursday, 6 August 2009A significant number of British families are still struggling to pay for their weekly groceries as the price of food keeps on rising.
Alongside high utility bills and mortgage repayments, many consumers are likely to be getting further into the red as the latest figures released by the British Retail Consortium show that the rate of food inflation now stands at 3.8 per cent.
In addition, it is possible that many of those families hit by wage freezes or unemployment this year could be sent over the edge financially, with demand for
IVA advice likely to carry on growing.
Commenting on the significance of these latest figures, Mervyn Kohler, of Age Concern and Help the Aged, told the Daily Mail: "It may be 3.8 per cent now but that is on top of a rise of 9.5 per cent in July last year.
"Food prices remain quite challenging for pensioner households and because of their low incomes, they spend a larger proportion of their money on food."
This comes as consumer groups step up their calls for a cut in gas and electricity bills as profits at utilities firms continue to rise, while at the same time many struggling households are seeking out
IVA advice.
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