Heard the following stats on a radio broadcast and they angered me, and shamed me a little also.
The UK’s national inflation rate is about 5% apparently. But the inflation rate for people over 80 years of age is 9.8%. Dear God…nearly 10% inflation for some of the most marginalised people in the country.
The rate for people under 30 is 5.6%.
And for non-retired ‘poor’ people = almost 8%
Inflation rates impact disproportionately on the poor and the old…mainly because they spend a higher prop of income on food and fuel