Interesting that inflation is only 3.3% average of the last 30 years, might be misleading as to the inflationary impact any individual experiences, for example mortgage interest rates has fallen dramatically over the last 30 years, but if you don't have a mortgage ! Yet petrol /fuel has nearly doubled in price since the Millennium, gas and electricity prices are doubling overnight and will continue to show an upward trend.
The inflationary impact you might experience maybe very different to the national average % according to what inflationary pressures are being exerted on your current spending profile in that eg if a great proportion of your expenditure experience is say heat and light then the recent increases are going to have a much greater impact on you than the UK average % impact might suggest.
