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Trust in essential markets remains low. Just one in four consumers trust long-term financial product providers and energy companies to act in their best interests. Even following recent announcements of cuts to energy prices, gas and electricity companies are among the least trusted industries.
Inflation increasingly similar for different types of people
As inflation has fallen further in the past few months, the gap has narrowed between some groups in terms of how they experience inflation. Most income groups are now experiencing similar levels of inflation.
However, younger age groups and private renters are still experiencing above average inflation.
As prices have fallen in recent months, worry about essential prices like energy, fuel and food have fallen too. Energy prices are still the top consumer concern, but this has fallen from last year. Concern about public services and interest rates on savings have increased in the last year – now in the top three worries. Financial security and public service quality are emerging as key consumer issues for the coming months.