Womenswear prices have increased by 37 per cent in the past five years and menswear has gone up by 25 per cent, according to Sky News.
Some people are cutting back on costs by choosing to buy second-hand clothes at charity shops instead of the popular high-street retailers.
Tracey Seabrook, who works at the Norfolk and Norwich SEND Association (NANSA) charity shop in Norwich, says: “This shop has done really well. We get a lot of young families coming in.
“I think it’s probably shown that people haven’t got as much disposable income as they would’ve had.
“It’s a win-win, it helps out the charity because we’re making money and it helps out people that can’t afford to go to high-street shops.”