State of Wales: The cost of living, now and in the future

Poverty

This briefing summarises key data on living costs and inflation and provides forecasts of trends over the next two years.

Rising costs have put significant pressure on Welsh families over recent months and the outlook is challenging. This briefing explores some of the key projections for prices and incomes, illustrating the scale of the impact in Wales. Organisations will need to consider the medium- and longer-term outlook when planning their response to the cost of living crisis

This briefing contains an overview of inflation, projected price rises and the impact of inflation on household income. This is an insightful forecast into the impact of inflation in the future.