Laura Farris, the minister for victims and safeguarding, has stressed that the UK is “on track” to get inflation down to 2% “in the coming months”.
She was responding to news from the Office for National Statistics that inflation stood at 4% in January.
This is unchanged on the figure for December, which was also 4%.
Ms Farris said: “Our ambition is to get down much closer to 2%, the Bank of England says we’re on track to do that in the coming months.
“Obviously we would like for it to go down today, but it’s staying level. Often inflation doesn’t fall in a linear way, so we’re not overinterpreting today’s data.
“We’re still aiming very hard to drive it down closer to 2%.”
Asked about the cost of living crisis, Ms Farris said the government has taken “unprecedented measures” to help people pay their bills.
“Things like the energy price cap had a huge impact on helping people get through the winter,” she said. “Inflation is now coming down very, very sharply.”
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