Alexander Forbes: inflation for pensioners is 9pc

Research as to the price rises on a 'typical' pensioner's basket of goods and services revealed a 9.1pc increase in food prices so far this year and a 4.7pc hike in council tax. Moreover, a 9-17pc rise in electricity prices is expected this year, alongside a 22-35pc increase in gas prices. David Marlow of Alexander Forbes Annuity Bureau, said: "With the current real rate of inflation likely to be somewhere around the 9pc mark, it means that when looking at buying pension income from an annuity, people need to be very aware of the effects of inflation. The vast majority of pension annu...