The new data has shown that tenants in the UK are facing unequal increase in the cost of living compared to the owners of the house, which highlights the increased inequalities from the ongoing housing crisis.
According to the National Statistics (ONS) for the office, inflation For the Rentors, the year progressed by March increased by 3.6 percent, crossing all other groups. The figure exceeds the total inflation rate of 2.6 percent during the same period, demonstrating the increasing burden of rent on 5.5 million private tenants in Britain.
In contrast, the owners of the house experienced a greater moderate increase in cost, inflation affected them at a rate of 1.8 percent.
These figures underline the challenge before the government, As it struggles with an acute housing deficiency that has raised rent and property prices in recent yearS. While Labor has promised to build 1.5 million houses by 2030, the office has estimated a shortage of about 200,000 houses for budget responsibility.
Think tank Resolution foundation Said that housing costs are a “major headwind” in a living crisis.
Senior economist Simon Pitve told PA News Agency, “Inflation is at the forefront of all, but some groups have recently become difficult to increase prices than others.
“Policy makers struggle with the ongoing cost-living concerns, raising support for low-income families who rent and increase availability to buy homes, priorities should be there.”
By comparing people who are Hostage It was observed that the distance of 2.8 percent easily in inflation, well below 5.6 percent, later, later. Bank of England Cutting Interest rates Several times in 2024 and early 2025.
The base interest rate helps determine how expensive it is to exclude the mortgage or loan, as well as affect the interest rates offered by banks on savings accounts.
In recent years, hikes, designed to touch inflation, have abandoned mortgage rates than normal for most time of the previous decade.
Social tenants, such as people live in rented council houses, were next affected by average inflation of 3 percent after private tenants.
ONS also found that families who are working faced a high rate of inflation compared to 2.8 percent as compared to 2.1 percent.
And Houses The price of 2.8 percent increased by children with children, who saw an increase of 2.6 percent.
