5min chapter

The Martin Lewis Podcast cover image

10 ways to pimp your pension (& warranty schmarranty)

The Martin Lewis Podcast

CHAPTER

The Importance of Inflation

Prices rose 10.1% in the year to March, down slightly from 10.4% the previous month. Food prices are still very high, rising at the fastest rate for 45 years. People on average have had a real-term pay cut of 3%. Their spending power has diminished by 3% on the same earnings as last year.

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