Inflation is falling

Inflation is falling according to the latest consumer price index (CPI) figures.

The rate fell to 3.6 per cent on an annual basis in January from 4.2 per cent in December.

But I have to say I'm amused by the headlines on some of the national news website - screaming that 'pressure is easing' on consumers etc and 'prices are falling'. 

Really? I beg to differ.

The Bank of England continues to pursue its quantitative easing programme which I'm sure is not really helping anyone in the long run. It certainly isn't encouraging anyone to save.

And as for prices going down - fuel in my region has gone up three pence a litre since the start of January and food seems to be increasing on a weekly basis.

Domestic fuel prices have gone through the roof, and council tax is on the up as well.

Rail fares have certainly made the most of inflation and the cost of a season ticket truly is eye-watering.

With wages showing no signs of matching these ridiculous price increases, I really don't see how this is good news at all.

When my weekly living expenses really do show signs of saving me money - I'll let you know.

In the meantime, I'll keep praying for that Lotto win!