We've all felt the impact of rising inflation in recent months, with food, energy and fuel now much more costly to buy.
However, families that receive benefits such as Jobseekers' Allowance and the state pension may feel the strain ease slightly in the near future.
That's because Business Secretary Vince Cable has pledged that benefits will be increased so they match the country's high levels of consumer prices index (CPI) inflation.
The CPI rate reached a record high of 5.2% in September and ministers tend to use this to work out how much benefit payments should rise by.
Speaking to the BBC's Politics Show, Mr Cable said: "We believe the most vulnerable people in society should be protected in these very difficult conditions."
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