Cost of Living hits Highest Rate in 2 Years

The video discusses the impact of rising living costs in Suffolk, focusing on a family's adjustments to increased food and energy expenses. Carrie Ann's family grows their own produce and adopts energy-saving measures. Louis, a small business owner, struggles with higher fuel costs but cannot pass them on to customers due to market competition. The video concludes with the challenges families face in managing their budgets.

How has Carrie Ann's family adapted to the rising cost of food?

• By buying more expensive cuts of meat

• By eating out more often

• By growing their own fruits and vegetables

• By increasing their food budget

What strategy has the family employed to reduce their electricity costs?

• Increasing their electricity usage

• Turning off lights more frequently

• Using more electric heating

• Buying new appliances

What has been the increase in gas and electricity bills for average homes since the summer?

• £10.00

• £3.81

• £5.00

• £2.50

How much more does it cost to refuel Louis's vehicles compared to six months ago?

• £50.00

• £82.88

• £60.00

• £100.00

Why is Louis unable to pass on the increased fuel costs to his customers?

• Because he wants to increase his profits

• Because he has fewer customers

• Because he is in a competitive market

• Because he has reduced his service quality