13 February 2008
According to research carried out by investment firm Alliance
Trust, pensioners face an inflation rate nearly a third higher than
Britain's official figure.
The official rate of inflation rose to 2.2 per cent last month,
its highest since last summer, but their research has found that
the rate for pensioners is 32 per cent higher at 2.9 per cent.
Alliance Trust warned that pensioners are hit hardest by the
soaring cost of everyday items such as milk, bread and petrol. The
firm calculated pensioner inflation by using a 'shopping basket' of
items reflecting their typical weekly spend.
Their inflation rate is higher because they spend more on food
and heating bills, which are both rising rapidly.
