Browse IFS
Publication types
Impact on Society
12 July 2010
Does inflation hit the elderly hardest?
Impact on Society
IFS researchers have shown that at any point in time, some households are hit harder by inflation than others because of the kind of goods they spend their money on. For instance, we showed that during 2008 and 2009 the elderly tended to have higher rates of inflation than those who were younger while poorer households had higher average rates of inflation than richer households. This work was quoted widely in the media at a time that there were concerns that relatively high inflation was eroding the living standards on those particularly vulnerable to rises in the cost of food and fuel.

We presented these findings as part of the Festival of Social Science at an event which was attended by representatives from academia, the civil service and the media as well as economics students from a number of local schools.