Wednesday, 20 May 2015

UK falls into deflation, but falling prices look set to be short-lived

Deflation has hit the UK, but looks unlikely to stay for long. Consumer prices were 0.1% lower than a year ago in April. The government’s number crunchers reckon this is the lowest since 1960. It’s certainly the lowest since the existing index was first compiled in 1989, according to the Office for National Statistics.