Our response to latest inflation figures

March 24, 2015

In response to the latest inflation figures, Alison Garnham, Chief Executive of Child Poverty Action Group, said:

“Today’s welcome inflation figures are simply not enough to loosen the big squeeze suffocating family budgets in recent years.

New research we’re publishing today shows that throughout the 1990s and in the early 2000s, the costs of essentials like food and energy fell in real terms, helping to give those on benefits a little leeway. But in the late 2000s and the early part of this decade, prices of energy and food have soared, families’ finances just as their incomes have been squeezed.

“This double whammy – falling benefits and the rising cost of essentials – has caused significant hardship to families throughout the country. Even as inflation hits historically low levels, our research shows that the squeeze on families continues, due to the large gap that has opened up between the cost of essentials and the support designed to meet them.”

ENDS

Notes to Editors:

You can read CPAG’s new research here.

CPAG is the leading charity campaigning for the abolition of child poverty in the UK and for a better deal for low-income families and children.

CPAG is the host organisation for the Campaign to End Child Poverty coalition, which has members from across civil society including children’s charities, faith groups, unions and other civic sector organisation, united in their campaigning for public and political commitment to ensure the goal of ending child poverty by 2020 is met.