UK inflation at zero
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LONDON: Official data says Britain’s inflation rate fell to zero last month, setting the stage for a period of falling prices first time in half a century.
The Office of National Statistics said Tuesday the inflation rate was unchanged in the year to February, compared to a 0.3 per cent rise in January, amid drops in the cost of food.
The agency says an experimental model created by the ONS suggests the last time inflation was negative was in March 1960.
Published in Dawn March 25th , 2015
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Comments (2) Closed
Mar 25, 2015 04:57pm
Wow great job. We should learn form them
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Mar 27, 2015 12:37pm
@voice Negative or Zero Inflation rate is as harmful for Economy as very high inflation rate....You can google it, they will be very worried over zero inflation rate....
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