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UK inflation rate falls to 0% in February, lowest since records began in 1988

byCustoms Today Report
25/03/2015
in Uncategorized
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LONDON: UK inflation rate fell to 0% in February, the lowest since records began, official figures show.

Lower prices for food and computer goods helped to cut the rate from 0.3% in January, official figures show.

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February’s figure is the lowest rate of Consumer Prices Index (CPI) inflation since estimates of the measure began in 1988.

The drop in the CPI measure was sharper than many analysts had expected, with most expecting a rate of 0.1%.

The February figure means that the cost of living is the same as it was a year earlier.

Tags: Inflation rate

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