Inflation hits 10.1% bringing more misery for households - what it means for you

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Inflation hits 10.1% bringing more misery for households

The rate of inflation is usually used to uprate annual benefit payments each April - however, it's unclear as to whether benefits will rise in line with this month's inflation figures next year.

"To be denied such an increase would come as a bitter blow to the many pensioners who rely on state pension as the foundation of their retirement income." "This government will prioritise help for the most vulnerable while delivering wider economic stability and driving long-term growth that will help everyone.

 

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