Elderly hit worst by inflation and households are finding it harder to save, says new report

Households over 65 experienced inflation of 7.2% while inflation remained under 7% amongst younger households, according to the ESRI.

Elderly people and those who live in rural areas are disproportionately impacted by rising inflation compared to those living in urban areas, a new report has found.

Households over 65 experienced inflation of 7.2% while inflation remained under 7% amongst younger households, the Economic and Social Research Institute (ESRI) said in its latest report.