Research from the Office for National Statistics (ONS) reveals that the cost of food, cigarettes and alcohol is much more expensive in the UK then in most of Europe.
Last year the ONS found that Norway is the most expensive place to shop, followed by Switzerland and Denmark.
The UK pays 4% more for food and non-alcoholic drinks then the average of the 27 countries in the EU.
Norway pays the most at 86% above the EU average while Macedonia pays the least at 42% below the average.
When it comes to alcohol and cigarettes, the UK pays considerably more then most of the EU. The UK pays 43% more then the EU average for alcohol, and a whopping 94% more for cigarettes.
Cheese and eggs cost 7% more in the UK while meat costs about the same. The only food staple that the ONS found was cheaper in the UK was bread and cereals.
Consumer group Which? found that 78% of consumers are worries about the cost of food.
Charity Oxfam has reported that the use of food banks in the UK has tripled in the past 12 months as families struggle to put food on the table.
If you find that you’re struggling with the rising cost of living, you should speak to a financial solutions provider who can advise on the best solution for you.
The Debt Advisor can advise on all debt solutions such as Debt Management Plans, IVAs and Bankruptcy. The Debt Advisor is regulated by both DEMSA and DRF and adheres to their codes and standards. Call today on 0800 0851 825 to speak with an advisor. If you’re calling from a mobile you can call 0161 868 2500.