google-site-verification: googlec7193c3de77668c9.html

Why this month’s inflation figure matters for you

The amount paid in some benefits should, by law, rise at least in line with prices.

They include all the main disability benefits, such as personal independence payment, attendance allowance and disability living allowance, as well as carer’s allowance.

Others, including universal credit, which is claimed by seven million people, are expected to rise in line with the inflation rate, but that is a decision for ministers.

Typically, September’s Consumer Prices Index (CPI) measure of inflation is the benchmark for this uprating, which is 1.7%.

That is less than the 6.7% rise in the April just gone, which reflected a higher rate of rising prices a year ago.


Source link

Views: 0

See also  Rachel Reeves's CV exaggerated time at Bank of England

Check Also

Volunteering at Sheffield food charity saved me from loneliness

Three years ago, Ian White was left feeling “suicidal” after the collapse of his marriage, …

How do you split the bill with friends?

Hands down the worst part of going out for dinner. BBC News Views: 1 Khamrah …

Burnham’s ‘Manchesterism’ got him to No 10 – but will it work for the UK?

He relays a story about his time as chief secretary to the Treasury in 2007 …

Leave a Reply

Available for Amazon Prime