Chancellor reacts to latest UK inflation rate

Chancellor Jeremy Hunt warns that financial pressure on UK households is likely to continue while the rate of inflation remains at 4% (double its 2% target).

The rate of Consumer Prices Index inflation remained at 4% in January, unchanged from December, the Office for National Statistics said.

Report by Kennedyl.

Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn