In today's economy, inflation is no longer a distant concern. It's a very real and immediate threat to your retirement savings. According to recent forecasts, prices are set to rise, and this could have a significant impact on your financial well-being, especially if you're planning for or already in retirement.

Businesses have been padding their profits, according to economists at the European Central Bank.

Inflation rates have been high for the past two years despite interest rate rises, and some economists suggest that businesses are using this rare opportunity to pad their profit margins, according to an article in the Wall Street Journal…