Jeremy Hunt clashed with Emma Barnett on the Today programme.
Jeremy Hunt was asked if he personally feels “wealthier” as inflation fell once again.
Official figures showed the rate at which prices are going up dropped to 2.3% in the year to March, compared to 3.2% the previous month.
But appearing on BBC Radio 4′s Today programme this morning, the chancellor - who is a multi-millionaire and a landlord - was challenged by presenter Emma Barnett over the government’s overall economic record.