WITH energy bills set to soar, inflation is hitting 65-to 74-year-olds the hardest, says the Alliance Trust Research Centre, which reckons this age group is suffering inflation at 5.1% per year, some 21% above the rate of 4.2%

Food price inflation hit 6.5% in June, and gas and electricity price hikes will hammer this age group further in the coming months.

The under-30s face the lowest rate of inflation – just 4.6% – as they benefit from low inflation in rents.

With this month’s official inflation report showing the headline rate of inflation down from 4.5% to 4.2%, the Alliance Trust’s monthly study says all age groups saw a fall in their inflation rates over the month.

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