Article 64WR9 UK inflation jump calls for matching rise in state benefits

UK inflation jump calls for matching rise in state benefits

by
Larry Elliott Economics editor
from on (#64WR9)

Standard formula means payments would increase by 10.1% but Jeremy Hunt could choose cheaper option

For millions of people - pensioners and those eligible for state benefits - last month's double-digit inflation figure is the one that really matters.

Each year, the government uses the September increase in the cost of living as measured by the consumer prices index to calculate by how much pensions and benefits will rise the following April.

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