Cost of Living Crisis Deepens: Why Everything Keeps Getting More Expensive

Demographic shifts and societal changes can also contribute to rising living costs. An aging population may lead to increased healthcare costs and greater demand for certain services. Changes in household structures and lifestyles can also influence spending patterns and demand for specific goods and services. For example, an increasing number of single-person households may lead to higher demand for smaller dwellings, potentially driving up housing costs in certain areas.