Elderly most affected by inflation according to survey

Inflation hits the elderly harder. Older people are more likely to be affected by inflation than younger groups. A survey by Age UK Enterprises has found that inflation takes a higher toll on the elderly than any other age group. The charity's commercial arm says inflation is steeper on the elderly because they spend the majority of their money on food and fuel. The group say their research shows the real cost of inflation for UK residents over the age of 55 is much higher than that estimated by the official RPI measure. Age UK Enterprises has produced its own measure of inflation for ...