Falling inflation welcome, but millions continue to face unaffordable levels of debt
National Debtline responds to latest inflation figures.
Posted May 22, 2024
The Office for National Statistics has published its latest Consumer Prices Index, which shows the rate of inflation fell to 2.3 percent in the 12 months to April 2024, down from 3.2 percent in March.
Steve Vaid, chief executive of the Money Advice Trust, the charity that runs National Debtline, said:
“Inflation levels are down, however millions of households continue to face unaffordable debts.
“Energy debt levels alone remain staggeringly high. Support is still needed for people facing unmanageable energy arrears.
“A Help to Repay scheme, including repayment matching, as some energy providers are now recognising, would help bring down energy debt levels for those most severely impacted.
“Our advisers at National Debtline are here to help anyone worried about their finances, with free, independent and expert advice.”
National Debtline provides free, independent, expert advice. Contact National Debtline for free on 0808 808 4000 or via www.nationaldebtline.org.
