Pensions trick?

THE increase in the state retirement pension each April is determined by the rate of inflation the previous September, the rate of earnings growth or 2.5 per cent, whichever is highest.

The last pension increase was based on inflation, which, conveniently, went down in September 2021, yet rose again in October.

Inflation fell last month and will no doubt fall again this month, which determines the pension increase. What chance of it rising again in October?

TONY SCHOFIELD, Bury, Gtr Manchester.