The Office for National Statistics has published its latest UK consumer price inflation figures showing the Consumer Prices Index was at 3% in January 2018, unchanged from December 2017.

Jane Tully, director of external affairs at the Money Advice Trust, the charity that runs National Debtline, said: “Inflation remains high at three percent with wages not keeping pace, and for the thousands of people we hear from each week at National Debtline, meeting day-to-day costs, such as energy, water and council tax continues to be a challenge. Recent research shows that as many as half of all low income households are already struggling. We are concerned that the slightest change in circumstances, such as a further interest rate rise, could push many of these households into further difficulty.”