Energy bills 'still a significant pressure' on living expenses - 18/01/2012
Many elderly people may be able to benefit from going online to compare energy providers and find a cheap gas deal, as the cost of fuel is said to still be a key issue for retirees.
Director-general of Saga Dr Ros Altmann noted that figures released yesterday (January 17th) showing the UK's rate of inflation fell to 4.2 per cent in December are "nothing to celebrate".
She observed this is still far below the Bank of England's two per cent target and the actual rate for people aged over 65 is considerably higher, largely due to the cost of gas and electricity.
Dr Altmann stated that in December prices for electricity were 14.1 per cent higher than the same period a year ago, while gas was 19.8 per cent higher.
"With energy still taking up a large proportion of pensioners' spending, it is imperative that prices continue to drop and that people shop around for the best deals they can," she said.
Since December, all of the Big Six energy suppliers have announced reductions in their prices, which could be good news for elderly people who are struggling to meet their bills.
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