The UK, 5 years brought 13 years of price rises, leaving the average household $3,800 worse off

A Resolution Foundation analysis says five years of accelerated price growth in the UK has left the typical household about £2,900 ($3,840) worse off—an effect it compares to roughly 13 years of normal inflation. The squeeze has pushed families to cut back on basics, including heating, as energy and other costs stay elevated following price spikes tied to the pandemic and wars in Ukraine and Iran. The report adds that lower-income households are hit hardest: 18% are behind on priority bills such as rent, water, council tax, and energy costs, nearly double the 2020 share. The findings come as Chancellor John Healey prepares his first budget and faces renewed calls for targeted cost-of-living support.