蜜芽传媒

Martin Lewis tells 5 Live鈥檚 Nihal Arthanayake what the 10.1% inflation rate means for pensions and other funding opportunities.

Liz Truss announced today that she will raise state pensions in line with inflation next year.

Martin says, 鈥渢he real doubt comes over the question of how long it will be her government... because clearly, we are in a position of extreme political instability at the moment鈥�.

He explains that inflation rates are likely to go up 鈥渂ecause of the energy price guarantee that we're talking about in April鈥�.

鈥淔or prices to go down we would need to have deflation, and nobody is talking about that. So, it's likely many of the price rises that we've had are now here and are here to stay.鈥�

This clip is from The Martin Lewis podcast on Wednesday 19 October 2022.