Credit crunch: The household impact, August 2007 v August 2008
2007
2008
Annual change
Homes & mortgages
Two-year fixed rate £150,000 mortgage
6.50%
6.95%
Deposit on £150,000 two-year fixed mortgage
£15,000
£37,500
150%
Average UK house price
£240,001
£235,219
-1.90%
Fuel & Finance
Oil (per barrel
$78
$136
74.3%
Petrol (per litre)
96.7p
119.5p
21.7%
Diesel (per litre)
£97.2p
£133.1p
36.80%
Average annual gas bill
£96.7p
£119.5p
21.7%
Average annual electricity bill
£381.94
439.94
15.10%
Car loan rate
5.00%
7.70%
Rate on £7,500 personal loan
6.10%
7.30%
Food
Average cost of 24 food and drink staples
£23.05
£27.87
20%
Thick sliced white bread
48p
67p
14.2%
Pint of milk
35p
40p
14.2%
1kg bananas
59p
67p
13.50%
2.5kg Maris Piper potatoes
£1.95
£1.90
-2.50%
Free range eggs (12)
£1.75
£2.39
36.5%
English butter
57p
94p
64.90%
British beef mince (500g)
£1.27
£2.02
59%
Baked beans
26p
33p
26%
Corn Flakes
81p
86p
6.10%
Sugar
98p
86p
-12.20%
Tea bags (80)
£1.04
£1.32
26.60%
Sources: mysupermarket.com, Energywatch, Moneyfacts
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