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Rising prices have an impact on more UK expats in France

Post-officeAN increasing number of UK expats in France say that life is proving increasingly difficult as rising prices have an impact on their day-to-day lives.

In a survey by the Post Office, 14% of respondents in France said they were unaffected by increasing prices, this compares to 24% in 2012, while a quarter of people said they were resigned to higher fuel prices.

The struggles of expats in France were reflected in an increased mood of resignation common across the Eurozone.

John Willcock, head of Post Office Transactional Services, said: "It is scarcely surprising that confidence levels are low among the expat community abroad. While house prices are reportedly on the rise in the UK, property values are still falling overseas – particularly in the Eurozone.

"Rising prices for basic household essentials are leaving little money for extras like eating out and this year’s index reveals that many more people are planning cut backs in order to keep their heads above water."

The Post Office has also attempted to measure changing prices with its Expat Payments Index, with this year's figures showing a continued squeeze.

Although the level of living cost rises has slowed compared with that reported in last year’s index, the Post Office research still showed that household bills, motoring and eating out are up by an average of more then eight per cent – around three times the UK inflation rate.

Price rises were higher than this for many of those surveyed by the Post Office. Two-in-five said that their overall living costs had increased by over 10 per cent – with food and household bills, notably electricity, causing the greatest concern.

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