The rising cost of living is the most pressing concern for more than 90% of Europeans. Official data sheds light on the reasons behind this growing anxiety. Household consumption expenditure shows the allocation of spendings made by resident households to meet their everyday needs, such as food, housing (rent), clothing, energy, health and transport. Housing, water, electricity, gas, and other fuels accounted for the largest share of household consumption in the EU in 2022, representing 24.1%. This was followed by food and non-alcoholic beverages at 13.6%, and transport costs at 12.5%. While t…