Inflation Statistics

Figures released by the Office for National Statistics confirm that inflation has continued to soar and has reached 3.7%.

Whilst it is believed that inflation will continue to rise to 4%, the average earnings statistics including bonuses (released on 19/1/2011) are unchanged in the year to November 2010, from the October 2010 rate of 2.1 per cent.

Unfortunately the trends would suggest that we could be about to find the hard times getting even harder with more people seeking help to manage debts, pay bills and struggle to purchase even essential household items.