Inflation remained unchanged at 2.1 per cent last month, according to the Consumer Prices Index (CPI).
While that figure is above the Bank of England's target, it is within the target range.
The government is likely to hold this up as evidence that Britain is successfully navigating the choppy waters of the global economy.
But while the headline figure remained unchanged, rising food prices will be cause for concern.
Homeowners are already feeling the pinch of higher insurance premiums and mortgage payments.
They could also see their utility bills rise in the coming months. While energy costs have fallen since last year, oil remains at a record high having recently touched $100 a barrel.
Interest rates fell in December and could be cut again next month, but with three rises last year, many homeowners have faced a big rise in repayment costs after coming to the end of fixed rate mortgage deals.
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