People on New State Pension could be due up to £935 each month from next April
dailyrecord.co.ukThe latest figures from the Office for National Statistics (ONS) show UK inflation fell to the lowest level in nearly three years in April.
The Consumer Price Index (CPI) inflation rate slowed to 2.3 per cent, down from 3.2 per cent in March and is now the lowest level since July 2021 when inflation was recorded at 2 per cent, which is the Bank of England’s target level.
Nearly 12.7 million State Pensioners across Great Britain, including over one million living in Scotland, should start to keep an eye on the CPI as it forms part of the Triple Lock measure which determines the annual uprating for the contributory benefit.
Under the Triple Lock measure, State Pensions increase each year in-line with whichever is the highest of average annual earnings growth from May to July, CPI in the year to September or 2.5 per cent.
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