'Food shop is my biggest expense after the mortgage'
Summary
Research from the Consumer Council shows that in Northern Ireland, food shopping is the largest part of basic household spending, making up nearly 23% of expenses. This spending is higher than housing and other essential costs, impacting low-income families the most.Key Facts
- Food shopping is the biggest part of household spending in Northern Ireland, making up nearly 23% of expenses.
- The Consumer Council has tracked these spending patterns using data from Grant Thornton for two years.
- Jessica Ireland, a mother from Londonderry, spends about £100-120 weekly on food, which is more than she used to spend.
- She notices prices rising, resulting in items being more expensive or smaller in size.
- Ms. Ireland tries to save money by buying store-brand items, cooking from scratch, and taking advantage of special offers.
- Low-income households in Northern Ireland spend more on food than on any other bills, including housing and energy.
- Philippa McKeown-Brown from the Consumer Council notes that food costs take up a significant part of income for poorer households.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.