Silver Inflation for Over-55s Underlines the Value Message ; New Index Shows That Older People Are Being Hit by Much Higher Living Costs

Summary

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OLDER consumers are being urged even more strongly to shop around to get the best value on savings accounts, fuel deals and insurance.

It follows the publication of a new inflation measure that shows the over-55s have experienced cost of living rises at almost two per cent above the Retail Prices Index (RPI) since the recession.

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Extract

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Silver Inflation for Over-55s Underlines the Value Message ; New Index Shows That Older People Are Being Hit by Much Higher Living Costs

Age UK Enterprises, the commercial services arm of charity Age UK, has launched a 'Silver RPI' to raise awareness of how inflation affects older peop...

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