Older people 'suffer higher inflation'

Britain's pensioners are dealing with a higher rate of inflation than any other age group in the UK, it has been claimed.

According to Alliance Trust's Research Centre figures, inflation increases introduced in February saw people over the age of 65 hit hardest.

It added that households comprising people between the ages of 65 and 74 experienced a higher rate than the headline figure, while those over 75 saw a figure 36 per cent higher.

Utilities account for the biggest increases, according to Alliance Trust Research Centre head Shona Dobie.

She said: "Unfortunately it is these basic items which have seen the highest price increases in recent months."

The current base rate level of interest currently stands at 5.25 per cent after the Bank of England's monetary policy committee voted to maintain the figure earlier this month.

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