Inflation

The UK's over-55s are working longer as they fall back on their savings to meet living costs, according to research.

The risk a triple-dip recession could hit people's finances is a big worry to about a quarter of consumers, research from the Institute of Financial Planning (IFP) has revealed.

INFLATION

The UK's main inflation rate has jumped sharply to 2.7% in October, having fallen to a 34-month low of 2.2% in September.

FIVE THINGS

Consumers will go on spending more money on non-essentials if inflation continues to drop, a senior economist has said.

People are significantly limiting their retirement income by putting off pension planning until their early 30s, according to Friends Life.

The UK's main inflation rate has fallen to 2.2% in September from 2.5% in August, dropping to its lowest level for three years.

Investors are being forced to take on more risk as inflation continues to stay above the Bank of England's 2% target, experts said.

The UK's main inflation rate fell back towards the 2% target in August after reversing a surprise jump the previous month.