Inflation on the way down?

Inflation fell to 4% in March, down from 4.4% in February.

It means things are still getting more expensive - but not quite as quickly as they were. In today`s economic climate, any good news is welcome, although one month of lower inflation is no guarantee that it`ll keep on falling.

A spokesperson at debt management company Gregory Pennington commented: "High inflation can be very difficult to deal with, especially at a time when so many people are seeing little, if any, increase in their salary.

"The other threat to borrowers, of course, is that high inflation increases the pressure on the Bank of England to raise the base rate, which could have a huge impact on borrowers - particularly homeowners who are already struggling to repay their mortgage debt.

"So this drop does offer some encouragement, although mortgage debt and rising prices aren`t the only problems people are dealing with today. The threat of unemployment and the difficulty of finding a new job are also major worries for many.

"We`d advise anyone who`s worried about their financial situation to talk to an expert at the earliest opportunity."



Gregory Pennington offer debt advice and debt management plans, as well as a range of other debt solutions. If you are worried about debt, contact one of our expert debt advisers now.