Falling inflation, but many still feeling the strain
National Debtline responds to latest inflation figures.
Posted June 19, 2024
The Office for National Statistics has published its latest Consumer Prices Index, which shows the rate of inflation fell to 2 percent in the 12 months to May 2024, down from 2.3 percent in April.
Steve Vaid, chief executive of the Money Advice Trust, the charity that runs National Debtline, said:
“Inflation may be falling but many households, especially those on the lowest incomes, are still under significant financial strain.
“Our National Debtline advisers continue to hear from people grappling with debts for essential costs including energy, council tax, and rent or mortgage repayments.
“Supporting people who are struggling with the financial fallout of the cost of living crisis needs to be a priority for the next Government.
“I would urge anyone worried about their bills to seek free, independent debt advice from National Debtline. No one needs to struggle alone – our advisers are here to help.”
National Debtline provides free, independent, expert advice. Contact National Debtline for free on 0808 808 4000 or via www.nationaldebtline.org
