Why this month's inflation figure matters for you
Released On 20th Oct 2024
The inflation figure published on Wednesday - 1.7% - is the one normally used by the government when setting the rise in benefits in April.
It also comes just two weeks before the new Labour government's first Budget, with the chancellor warning there will be “difficult decisions” on welfare as well as tax and spending.
The amount paid in some benefits should, by law, rise at least in line with prices.
They include all the main disability benefits, such as personal independence payment, attendance allowance and disability living allowance, as well as carer’s allowance.
Others, including universal credit, which is claimed by seven million people, are expected to rise in line with the inflation rate, but that is a decision for ministers.
