We live in less interesting times

You may or may not be aware but there is actually a separate pensioner RPI measure published by the Office of National Statistics www.statistics.gov.uk. The December 2009 headline RPI figure was 2.4% per annum which as is often the case was lower than that for the Pensioners Index which stood at 2.6% per annum for two pensioner households. Whether higher or lower, this pensioners’ rate does highlight that different inflationary pressures affect pensioners than the majority of the population. Not so interesting. What I do want to look at is how the current low interest rate is affectin...