Jansev Jemal, Director of Research and Policy at Pro Bono Economics, said:

“Inflation held at 8.7% in the 12 months to May, the same level recorded in April. Although it is welcome to see the rate remaining in single digits, it is still very high by historical standards. Outside of the last year, this is still higher than at any point in 33 years of the CPI.

“The inflationary squeeze on households is translating into increased demand for charity support. A recent survey by PBE found that nearly half (47%) of large and medium-sized charities do not think they will be able to meet demand over the next three months.

“Faced with significant demand and eroding income due to inflation, charities are also having to cope with dwindling volunteer numbers – six in 10 (56%) charities say volunteer recruitment over the past year has been difficult.

“In this challenging environment, charitable foundations and other major funders must do all they can to ensure the social sector has the resources it needs to support communities through this period.”

Contact PBE's press office here.