Tuesday, 19 May 2015

It's Official - Britain Is in Deflation

THE DAILY TELEGRAPH: The UK has tipped into deflation - with overall prices for goods and services falling - for first time since records began

Britain has tipped into deflation for the first time in more than half a century.

Prices, as measured by the consumer prices index (CPI), fell by 0.1pc in the year to April, following zero inflation in February and March.

This is the first time Britain has fallen into deflation since official records began in 1996. Modelled data produced by the Office for National Statistics (ONS) suggest it is also the lowest rate since 1960. Read on and comment » | Szu Ping Chan | Tuesday, May 19, 2015