Fallout from high costs still impacting struggling households despite drop in inflation
National Debtline responds to latest ONS inflation figures
Posted April 17, 2024
The Office for National Statistics has published its latest Consumer Prices Index, which shows the rate of inflation fell to 3.2 percent in the 12 months to March 2024, down from 3.4 percent in February.
Findings from the charity show that 43% of National Debtline callers did not have enough coming in to cover their essential costs.
Steve Vaid, chief executive of the Money Advice Trust, the charity that runs National Debtline, said:
“Falling inflation is welcome news and will provide some relief for people with already stretched budgets.
“For the many households left with unaffordable debts due to the recent period of high costs however, the financial fallout is set to continue. Without urgent support, millions risk being left behind.
“A Help to Repay scheme would go a long way to help the millions of people trapped with unmanageable energy debt. And I’d urge anyone who has fallen behind on their bills to seek free independent advice from National Debtline as soon as possible.”
National Debtline provides free, independent, expert advice. Contact National Debtline for free on 0808 808 4000 or via www.nationaldebtline.org.
