State pension increase is a decrease in real terms

My wife and I have recently received from the pension service a note of our increase in the state pension from April 11 2022.

The increase is 3.1 per cent whilst, by that time, inflation is expected to be in excess of 7.5 per cent. Therefore, this published increase is actually a decrease in real terms of 4.4 per cent.

This is, of course, due to the triple lock guarantee being abolished by Rishi Sunak.