Energy Bills In Europe Are 90% Higher Than Last Year

The cost of living in most of Europe is already exorbitant because of the energy crisis and this crisis is only going to get worse after the morons running the EU embargo Russian oil and then fuels come into effect.

Authored by Irina Slav: Electricity and gas prices are soaring across Europe, with bills close to double from last year in most European capitals, according to new data from the Household Energy Price Index - a monthly tracker of energy prices for households across 33 European capitals, including the 27 EU member states and several non-members.

According to the data collected for the HEPI, natural gas bills in Europe have gone up by as much as 111 percent over the past year, with electricity prices up by an average of 69 percent. Taken together, Euronews calculates these two make for a total 90-percent increase in household energy bills over the past year.

"Significantly higher [energy prices] compared to one year ago ... can be attributed to a combination of factors, such as increased demand connected to post-pandemic economic recovery and extraordinary weather conditions, the record-high prices for natural gas, and high CO2 emissions allowances," the authors of the latest HEPI report noted.

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UK Food Inflation Hits Record High As Discretionary Income Evaporates Ahead Of Dark Winter

"So it's clear just how much grocery inflation is hitting people's wallets and adding to their domestic worries."

By Tyler Durden: Brits have watched double-digit inflation wipe out any wage gains in one of the worst cost-of-living crises in a generation. Many have gone into debt, paying for things such as food, energy, and shelter. Others have been left with little or no discretionary income ahead of a very dark and cold winter.

Research company Kantar published a new survey Tuesday that revealed startling food inflation numbers for October that soared at the fastest pace in 14 years.

Kantar said annual grocery prices rose to 14.7% last month, the fastest since the research firm began tracking prices.

Consumers are expected to pay an additional £682 in their annual grocery bill if they continue buying the same items.

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