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Deflation hits the UK

The RPI has moved from 0 per cent in February to 0.4 per cent in March.

Inflation as per the Consumer Prices Index is higher but still at record low levels – it dropped 2.9 per cent to 3.2 per cent.

However, the Times reports that core inflation (which excludes food and energy costs) increased from 1.6 per cent from 1.7 per cent.

Related articlesUS inflation plummets into negative territoryInflation surprise for the UKLord Mandelson is “naïve and ignorant”Picture source

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