News Inflation surges for older people
12/08/2008
Alliance Trust’s independent study of age related inflation has found that the over 75 year olds continue to be hit the hardest by surging inflation, and the pain is getting worse. This age group saw their inflation rate surge from 5.4% to 6.3% in July. The inflation rates facing all other identified age groups have also increased sharply and the majority are now in excess of 5%, well ahead of the official rate of 4.4%.
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