With the cost-of-living crisis continuing to sink its teeth into those struggling the most, we’ve pulled together a list of 10 items that have gone up in price due to inflation- find out below.

Just two days ago it was revealed that inflation had hit a 40-year high when it pushed to 9.4% in June.

Research by Charles Stanley has revealed that people are taking steps to cut costs, with 30% cutting back on everyday perks, nearly one in three are cutting luxury items and 23% are reducing what they spend on holidays.

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However, an even larger proportion don’t understand what inflation is doing to them. The research found that 41% either admitted to not knowing, or gave a wrong answer when asked what impact inflation would have on their savings.

One in 10 thought that inflation would increase the value of their savings, which is wrong. Another one in 10 believed that it would have no impact, while 22% of people said they did not know what the impact of inflation would be on their savings.

We’ve pulled together a list of 10 items that have increased in price due to inflation as displayed by the consumer prices index measure of inflation at 9.4%.

To create this figure, the ONS has to work out how much hundreds of common items are rising or falling in price by.

Heating Oil – up 128.9%

The price of heating oil has risen exponentially during the cost-of-living crisis due to the soaring price of oil and currently falls at 95.25 pence per litre.

Prices were at an all time high on March 10 at 159.54 and although they have reduced, they are no where near how low they were before the Russia-Ukraine conflict at 59.49.

Many houses across the UK rely on heating oil to warm their homes during the colder months, especially those in rural areas.

But sadly these residents have been hit with massive price hikes as a result.

Gas – up by 95.5%

The price of gas has also seen huge hikes in price, once again due to the current conflict between Russia and Ukraine.

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Around 80% of British homes are currently reliant on gas.

Electricity – up by 53.5%

Electricity is another pinch point of the cost-of-living crisis, and it is also soaring a long with gas prices.

Bills could hit £3,300 on average this winter, something many households will be unhappy to hear.

Petrol and Diesel – up by 42.3%

Petrol prices are 187.54 pence per litre according to recent figures, with diesel being 196.12 pence per litre, but the AA predicts prices could fall by £10.

On June 27, the price of petrol was as high as 190.93 pence per litre, showing that prices have steadily fallen.

The 42.3% figure that has been revealed by the ONS also includes the rising cost of lubricants for car engines, many of which include oil.

Insurance – up by 22.4%

The price to insure your house has increased by 23% in 12 months, the ONS said.

Car insurance hasn’t risen as steeply, but is still rising, with motor cover rising by 8.8% in this period.

Solid heating fuel – up by 22.4%

Firewood, coal, peat and smokeless fuel are also falling under the price hikes and are regularly used to fuel people’s houses.

Many UK homes continue to use solid fuel for heating and powering boilers and this is more common outside towns and cities.

Air travel – up by 22.4%

Prices to fly and go on holiday are also rising too, this is partly due to the rising cost in aviation fuel.

Again the main reason for this rise is the current conflict in Ukraine.

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Widespread flight cancellations are also a catalyst for the rise as well, this pushes up demand for seats on other planes, in turn, inflating prices again.

Cooking oils and fats – up by 16.6%

Fish and chip shops and takeaways have been feeling the squeeze lately due to the supply of olive oil, sunflower oil and rapeseed oil being affected by the war in Ukraine.

But households are also being affected, with some supermarkets have been rationing how much cooking oil Brits can buy.

Furniture – up by 16.3%

Strangely, this is also being affected by the war in Ukraine as much of the timber used to make furniture comes from Russia.

The cost of making furniture is also going up due to the rising due to the cost of powering factories and fuel for lorries.

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