Food Price Rises Slowing – Good News Tempered by Recession?

BBC Survey Provides Bittersweet Relief for Household Budgets

According to a survey commissioned by the BBC, there is evidence that food price rises are slowing, which may come as some relief to consumers, who, for most of 2008, have experienced above inflationary rises in food prices.

Further news that the price of oil has fallen dramatically in the last week will also be met with relief as some petrol retailers cut prices on their forecourts to below £1 per litre.

Unemployment Fears

The news is bittersweet however, when one considers that those people who’ve been left struggling to cope with the monetary pressures of their household budgets now have to face a widely predicted and imminent global recession. One major concern for any economy during a recession is the inevitable increase in unemployment figures.

Any reduction in the cost of living will be helpful for many people, but without regular employment, there can seemingly be no way forward for those who can’t pay their household living costs and debts.

Payplan Offers Free Debt Advice

Payplan offers free debt advice to anybody who has a debt problem and needs help organising their household budget, and finding free debt advice easily at a time when it’s most needed can be essential to preventing further and more serious financial problems. Payplan’s experience could prove invaluable.

To find the most suitable budgeting and debt advice for your personal financial circumstances, call 0800 280 2816 or contact Payplan online.

Written by on October 17th, 2008

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