Investment - Articles - Inflationary slowdown continues

 Charlotte Jones, Senior Consultant, XPS Pensions Group, commented: “The slowdown in inflationary growth is good news for pension schemes and should provide them with more stability in the longer term. However, the impact of unprecedented inflation levels over the past year is still being felt by some DB pension schemes that are continuing to review early retirement factors and pension increases in response.”

 Andrew Tully, technical director, Canada Life said: “Despite rising interest rates, inflation remains stubbornly close to the 40-year high, largely driven by energy costs and food prices. Households across the country will continue to feel the financial pain as incomes lag behind.

 “Today’s numbers will offer little consolation for people on fixed incomes. However, for those past state pension age, a double-digit rise in state pension from April will offer some light at the end of the winter months, although April is also likely to see a further rise in average energy bills.”

 Link to ONS data