20th October 2011
But is there a danger the politicians and central bankers are underestimating the problem. Certainly campaigners, charities and money journalists are warning of a crisis.
Here the Bournemouth Echo relates the level of pensioner poverty because of the rising inflation rates.
It quotes Richard Bristow, manager of Poole's Citizens' Advice Bureau, said: "For older people on a basic pension, even if it increases by inflation, it's not enough to match the biggest cost they have, which is fuel. They will cut back on food and turn the heating down."