Friday June 5, 2020

Britain’s inflation rate sub zero for second time since April

Consumer prices stagnant as interest rates remain at record low of 0.5 per cent

12th October, 2015

Britain’s inflation rate turned negative for only the second time since 1960 in September, reflecting a weak price backdrop that the Bank of England has warned will persist into 2016.

Consumer prices fell an annual 0.1 percent after stagnating in August, the British statistics office said today in London. Economists had forecast stagnation. Prices last declined in April, which was the first sub-zero reading since 1960.

The figures will reinforce the view that the Bank of England...

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