The amount state pensions could rise by next April has been revealed after the rate of inflation hit 3.1%.
The government typically uses the September inflation figure to calculate how much state pensions should increase by each year - as Mirror Online reports.
The Office for National Statistics (ONS) confirmed the consumer prices index rate of inflation today - which is slightly down on August's record 3.2% increase.
READ MORE: DWP important changes and announcements you need to know about
The Prime Minister called off a proposed 8.8% increase in state pensions last month when he suspended the triple lock increase.
Retirees were told their income in 2022 would increase by whichever is highest out of 2.5% or the rate of inflation.
Based on current figures, this means the state pension will rise by more than £5.50 a week next April.
The target rate of inflation set by the Bank Of England for inflation is 2%, but the bank warned inflation could reach 4% by the end of the year, sending the cost of living soaring.
The current full, new state pension is £179.60 a week, or around £9,339 a year.
A rise of 3.1% would add an extra £5.56 a week to the payment, increasing it to £185.15 a week.
Over the year that's £9,628.50, and an extra £289.50.
Those who reached the state pension age before April 6, 2016, get the old state pension, known as the basic state pension which is currently £137.60, or £7,155.20 a year.
A rise of 3.1% would add an extra £4.26 a week to the payment, increasing it to £141.86.
Over the year that's £7,377 and an extra £221.81.
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