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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Inflation slows to 2.9%

24/04/2009

The official CPI (Consumer Prices Index) measure of inflation slowed to 2.9% in March, following February`s unexpected rise.

The latest figures from the ONS (Office for National Statistics) have shown that the annual rate of inflation fell by 0.3% compared with the previous month, after the unexpected 0.2% monthly rise seen in February.

Meanwhile, the RPI (Retail Prices Index) - which includes housing costs, unlike CPI - fell to -0.4%. It is the first time that the RPI has gone negative since 1960.

A spokesperson for Debt Advisers Direct said: "Both measures of inflation indicate that price growth is slowing down, and the RPI suggests that many homeowners are now paying less overall compared with last year, since mortgage debt has become cheaper to pay off.

"However, the inflation figure is an average, and different people`s situations will vary. Many people may still be finding that their finances are stretched, and it`s important that anyone who finds themselves struggling with debt seeks expert advice."

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according