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Tuesday, 15 April 2014

Inflation rate falls to 1.6%, lowest since 2009

According to the Office of National Statistics, the inflation rate (measured by the Consumer Price Index) fell from 1.7% in February to 1.6% in March, still well below the government's target of 2%. It's the lowest rate since 2009 and has been falling consistently over the last few months.

The Retail Price Index (RPI) fell from 2.7% to 2.5% due to the 'smaller rise' in clothing prices. The gap between wages and prices is continuing to narrow, indicating consumer power is coming back, which can only be a good thing for retailers. Will the fall in inflation continue?



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