Elderly face inflation of 3.4%

During May, inflation declined among all age groups as gas prices fell by 3% and electricity prices fell by 1%. However, research from the Alliance Trust shows that older people are experiencing inflation of 3.4%. Inflation is also high amongst younger age groups with those aged under 30 facing the second highest rate of inflation. Those aged over 75 are feeling the effects of inflations more as food price inflation is high at 4.9% despite falling from 6%. Alliance Trust has called for pensions to be linked to the rise in the cost of living for retired people, as the Consumer Prices I...