Young People Witness Rise In Inflation

Britons, especially young people, are faced with an increase in financial burden placed on them, a new study shows.

The research, by the Alliance Trust Research Center, who have seen demonstrable under-30s and between 30 and 49, the highest increase in the cost of inflation in recent months. On the other hand, who have seen the 75-year-olds, a decline in prices due to falling costs for electricity and gas. However, as the consumer continues to be the highestRate of inflation in the country at 2.1 percent - about 17 percent above the title of the government.

And see with dedicated under-30s now in the highest rate of inflation in the country was to begin, these people so well that most pay off loans and credit cards battle, in addition to servicing other demands on their finances. The news comes despite the revealing research organization that was the official headline inflation of 0.1 Percentage points during August to 1.9 percent.

Commenting on the figures, said Shona Dobbie, head the Alliance Trust Research Center: "Even though the monthly rate of inflation has fallen, our four-year study further the extent to which the British elderly are one of the groups most affected by the current highlight high inflation rates. Despite a decline in inflation of only 1.8 percent this month, the elderly remains a higher> Inflation rate of 2.1 percent.

"It is worrying, even to see that young adults who now inflation on overall inflation because of higher rents and training costs and the cost of basic goods. We must not forget, however, that the situation is even worse for the elderly for more than four years higher than the average inflation has eaten into the budgets of retirees and let them struggle to pay higher bills. "

Overall, gas prices have shown thathave fallen by one percent found last month - the first decline since 2001 and helped the movement, which was proposed mainly to older people. Meanwhile, the current inflation rate below three percent. She stressed, however, Alliance Trust Research Center, that the British are to increase the difficulties of day to day expenses such as the impact of the recent low food prices could "could be short-lived." Ms Dobbie reported that inflation rose above the cost of food in theOver the last few months, with prices, driven by the ten percent hike in the value of vegetables could be that consumers more of their monthly money to be found, in the direction as the essential, thereby affecting their ability to repayment of loans , carry out credit cards and overdrafts.

The predicted increase was partly due to the recent wave of flooding seen in Britain and a heatwave on the European mainland. "This would have the greatest impact on the inflation rate over thethe 75-year olds who spend a much higher percentage said their household budgets on these items, "she.

Meanwhile, consumers are advised to ensure that they leave their finances in a sufficient manner, so treat them to set any unexpected demands on their spending. Figures released by Birmingham Midshires earlier this year showed that although more people to save money, is actually less set aside. And reports with the general cost of living, that the increasing financialService said that Britons should prepare their finances in order to cope with unexpected loan payment claims or electricity bills.