Inflation may be hitting the finances of a number of the UK's employees, figures have suggested.
The inflation rate affecting those aged between 30 and 49 reached four per cent last month, according to statistics published by the Alliance Trust Research Centre.
Meanwhile, workers in the 50 to 64 age category saw their inflation rate go up to 4.1 per cent.
The difference between these rates of inflation and the smaller increase in people's wages has been noted by Shona Dobbie, the Alliance Trust Research Centre's head.
"Higher fuel costs and the fact that the recent depreciation of sterling is pushing up the cost of imported goods" have been cited by the expert as reasons for last month's inflation rises.
Meanwhile, older people looking to get credit to cover higher living costs may be interested to note the view of Simon Bottery, director of policy and communications at Independent Age, who believes that large fuel and food prices are hitting the finances of some elderly consumers.
Posted by Martin Peacock.
