In recent years, surging CPI inflation, largely caused by Russia's invasion of Ukraine and its impact on energy, fuel and food prices, has set the benchmark for pension increases.
This delivered an increase in pensions of 10.1 percent in April 2022, which was followed by another big increase of 8.5 percent in April this year.
However, the increase from April next year is likely to be significantly lower with experts suggesting a rise of around 5.7 percent.