Pensioner inflation rates ten times higher than non-pensioners
In response to IFS figures published today‚ which show that although inflation rates are falling among the general population‚ people aged over 60 are currently facing higher inflation rates‚ Gordon Lishman‚ Director General of Age Concern‚ said:
“Despite inflation falling generally‚ these figures clearly show pensioners‚ on average‚ are facing annual inflation rates ten times higher than the rest of the population.
“As younger people enjoy the benefits of the lowest levels of inflation for decades‚ older people still find much of their income is swallowed up by high food and fuel bills‚ forcing many to make drastic cut-backs.
“Even the five percent pension up-rating this April intended to help pensioners won’t be enough to keep up with the inflation increases seen so far this year for anyone over 70.
“Yet despite concern about costs‚ up to £5 billion of benefits goes unclaimed by pensioners every year. We would strongly urge older people struggling to make ends meet to ensure they claim the money due to them by contacting their local Age Concern.”
Similar entries
- Age Concern's response to inflation figures
- Age Concern's response to new inflation figures‚ out today
- Age Concern responds to today's figures published by the Office of National Statistics on pensioners' spending
- Age Concern and Help the Aged comment on state pension uprating
- Older people face double whammy of high energy bills and rising inflation‚ says Age Concern and Help the Aged
- Age Conern's response to the Commons comments on energy prices
- Age Concern responds to today's interest rate cut
- Age Concern's Cold Weather Statement
- Age Concern on British Gas price reduction
- Age Concern's response to Conservative fuel poverty proposals





