High costs continue to bear down on struggling households, despite drop in inflation
The Money Advice Trust on figures showing inflation at 10.1% in March 2023, down from 10.4%
Posted April 19, 2023
The Office for National Statistics has today published its latest Consumer Prices Index, which shows the rate of inflation fell from 10.4 percent in February to 10.1 percent in March.
Joanna Elson CBE, chief executive of the Money Advice Trust, the charity that runs National Debtline and Business Debtline, said:
“Today’s figures may show a small drop in inflation, but costs remain high, and will continue to bear down on households that are struggling or falling behind on their bills.
“Our advisers at National Debtline and Business Debtline continue to hear from people whose budgets simply can’t stretch any further to cover their essentials. For many people already in financial difficulty the damage has been done, and for many more the impact of sustained high prices will continue to be felt.
“I would urge anyone worried about their finances to contact a free, independent debt advice service like National Debtline as soon as possible. Our advisers will be able to take you through your options and your next steps.”