Wednesday, 22 April 2009

RPI inflation turns negative



UK annual inflation measured by the Retail Prices Index (RPI) went negative in March for the first time since 1960, to -0.4%, down from zero in February. RPI includes mortgage costs, which have fallen following the Bank of England's reductions in interest rates.

The Consumer Prices Index (CPI), fell in March to 2.9% after February's unexpected rise to 3.2%, the Office for National Statistics (ONS) said.

http://news.bbc.co.uk/1/hi/business/8009718.stm