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Inflation coming . . . . torture for the poor

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« on: January 12, 2011, 02:19:59 am »

Inflation is Coming . . . . torture for the poor

AND it is all to Rob The Poor to Feed The Rich.

Inflation on items the poor can not avoid, namely Food and Fuel are DOUBLE the rate of inflation. The better off will hardly notice the price increases, but the poor, who are mostly on Fixed Incomes are going to be the biggest victims. People like pensioners, whose incomes are falling as there savings are offering effectively no return on there money will be hit very, very hard.

Its pure calculated evil . . . .

« Last Edit: January 12, 2011, 02:26:49 am by EvadingGrid » Report Spam   Logged

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« Reply #1 on: January 12, 2011, 02:22:30 am »

Families hit as fuel and food costs soar (... and energy bill could DOUBLE every five years)

By Sean Poulter
Last updated at 7:49 AM on 12th January 2011

Millions of hard-pressed families are being further squeezed by punishing rises in fuel bills and food prices.

Energy giant E.ON yesterday announced a price increase as experts warned that bills are set to double every five years.

The German-owned supplier will put up electricity tariffs by 9 per cent and gas by 3 per cent – adding an average of 62 to annual dual fuel bills for 4.3million customers.

At the same time, figures from the British Retail Consortium show that food prices are continuing to rise at double the pace of wages.

Annual food inflation in December was 4 per cent compared to a rise of 2 per cent in incomes last year.

This means a family spending 100 a week on food a year ago will have to find an extra 208 a year to put meals on the table.

The increases in the cost of living come as the country struggles to emerge from recession.

Petrol prices are also running around 20 per cent higher than a year ago, while rail fares leapt this month.

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