UK Deflation _ Negative Inflation Is Here
Published / Last Updated on 20/04/2009
UK Deflation - Negative Inflation Is Here
It has finally arrived, prices in Britain are going down across the board as a result of the recession.
RPI inflation fell by 0.4 per cent in March, down from zero in February. to -0.4%.
This is the first time since records began that Britain has had deflation
A combination of the lowest interest rates of all time plus low fuel prices and general price cutting to drive sales through shops has resulted in deflation i.e. negative inflation.
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