Inflation Inequality | Snippet Finance

UK latest (April) headline inflation came in at 9%.
Until April inflation was hitting all households the same.
April was different, as Ofgem raised the energy price cap by 54%, leading to a 70% YoY increase in gas/electricity costs.
As poorer households spend more of their budget on energy, inflation is starting to tilt towards hitting them harder.
Ofgem is communicating a further rise of £800 for the price tariff cap in October, so the situation could look a lot worse.
“Analysis suggests that the poorest households may face average inflation rates of as high as 14%, compared to 8% for the richest households.“