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This is more than another £100 since April alone, creating worry amongst many who are already struggling with bills.

Similarly, inflationary rises have also been attributed to the energy price cap rise in April, which is also driven by higher global energy prices.

However, it is not the end of the misery on this front as the situation is only set to become more challenging.

Energy prices are expected to skyrocket to a staggering average annual bill of £2,980 this October when the next energy price cap kicks in, according to Cornwall Insight.

Many retired individuals had been hoping to kick their feet up after leaving the workforce, and not worry about their finances.

More to follow…