Martin Lewis urged the government to help people with their bills, as he warned there could be civil unrest in the future.
Bills for items including energy, food and fuel have all risen in recent months, forcing many to make tough choices in their daily lives. The energy price cap is currently at £1,971 per year for the average household, which is a record.
It is currently reviewed every six months and changes in October and April. However, industry regulator Ofgem said earlier this week the review could be held every three months in the future.
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Martin has been a vocal critic of the price rises and has spoken about how he fears there may be protests in the streets if more increases occur in October. Speaking on ITV's Peston programme, he said the Government needs to act and help those who are struggling.
Martin said: "The public mood is desperate, it is angry, we may well be moving towards, if we don’t sort this, when those bill rises come in the middle of October to £2,600 in the middle of winter, I worry about civil unrest.
"They need to listen, and they need to stop people making choices of whether they feed themselves or feed their children. We used to have a relative poverty condition in this country and we are moving to absolute poverty, and we cannot allow that to happen."
The most recent inflation figures have shown a big spike in the cost of living, with April's energy prices rises having a massive impact. In the year to April, inflation reached 9% as measured by the Consumer Prices Index (CPI).
Bills for gas and electric rose by around 54% last month and could well go up again in October. This coupled with the increasing cost of food, fuel and many other items is not helping the situation for many with wages real terms going down by 2.9% and a rise in benefits and pensions failing to keep up the price rises.
