The IFS said the latest inflation-busting uplift would result in the full basic state pension rising to £137.60 per week, with recipients of the full new state pension netting £179.60.
The CPI figure, however, does mean that state benefit increases will be limited to 0.5% rise following the 1.7% seen at the start of the current financial year. The September inflation number is also used to decide the annual increase in business rates though the chancellor could extend the one year holiday for hard-hit retail and hospitality firms to exempt them from the increase next April.Commenting on the rise in inflation, ONS deputy national statistician, Jonathan Athow, said:"The official end to the Eat Out to Help Out scheme meant prices for dining out rose during September, partially offsetting the sharp fall in inflation for August.
"Air fares would normally fall substantially at this time due to the end of the school holidays, but with prices subdued this year, as fewer people have been travelling abroad, the price drop has been less significant. "Meanwhile, as some consumers look for alternatives to using public transport, there was an increased demand for used cars, which saw their prices rise."
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