Elderly pay double inflation

The Age and Inflation study reveals the inflation rate facing households run by people aged over 75 is consistently higher than any other age group and in 2006 the inflation rate for the elderly was 56% higher than the headline rate of inflation. During 2006, the oldest households saw their rate of inflation increase from 2.8% in January to 4.6% in December – an increase of 64% - while the rate for the youngest age group increased from 2.1% to 3.2% - an increase of 52%. The 30-50 year old households consistently face the lowest level of inflation – on average 55% lower than that facing ...