Saturday 16 December 2017

Winners and losers: Pensioners

Cost of living down 4.5 per cent this past year
National average down 2.1 per cent

It's good to be grey at the moment as the cost of living for pensioners has fallen by more than double the national average over the past year.

Overall health and medical costs fell by about 0.6 per cent, with the price of vitamins and other supplements down 0.5 per cent last month alone. Prescription drugs have tumbled by 12.8 per cent in price.

Sardines and tinned fish were 5.3 per cent cheaper, with soup down 4.4 per cent as overall food costs shrank by more than 7.1 per cent.

Pets are also much less expensive, with pet-related cost down 18 per cent and vet bills falling 0.7 per cent.

Flowers and gardening costs have shrunk, dipping 4.2 per cent. Getting shoes and clothes fixed has also become a bit cheaper, falling by more than 2 per cent.

While gas and electricity prices are down, pensioners may have been hurt by an unbelievable surge in the price of home heating oil, which has leapt 36.8 per cent in the last year alone.

Bus and public transport costs have also risen, while sea ferry costs have soared by 16.7 per cent. However, the cost of bicycles is down by about 5.8 per cent.

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