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The rising cost-of-living continues to dominate the headlines along with the Tory leadership elections and the heatwave. The recent news has also highlighted the rise in bogus insurance claims.

According to ONS, the largest upward contributions to the annual CPIH inflation rate in June 2022 came from housing and household services (principally from electricity, gas and other fuels and owner occupiers' housing costs) and transport (principally from motor fuels). Aside from fuel, food and non-alcoholic beverage prices have risen by 9.8% in the year to June 2022, up from 8.7% in May 2022 and the highest rate since March 2009.

Joanna Elson CBE, CEO of the Money Advice Trust, said:

“The unrelenting rise in costs, with inflation now at 9.4%, is increasing pressure on all households, with the impact not felt equally. With further substantial energy price rises around the corner, our fear is that for people on the lowest incomes, the worst is yet to come.

“At N...

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