Menu
21/04/2009
Inflation Drops Below Zero
The rate of inflation which includes mortgage costs has dropped below zero for the first time since 1960.
The inflation measured by the Retail Prices Index (RPI) dropped to -0.4% in March, a further drop from zero in February.
The RPI experienced large downward pressure from housing, with the main factors being house depreciation, mortgage interest payments and, to a lesser extent, buildings insurance. These factors are excluded from the Consumer Prices Index (CPI).
The CPI fell to 2.9% in March, from 3.2% in February. However, it still remains well above the government's target of 2%.
The largest downward pressure on the CPI came from gas bills, which dropped this year, as well as the price of heating oil, which also fell this year, but rose last year.
A fall in transport costs, including air fares, petrol and diesel, as well as a drop in the prices of food and non-alcoholic drinks, also exerted a downward pressure on the CPI.
The largest upward pressure on inflation came from recreation and culture, where prices, especially those of computer games and toys, rose, while clothing prices, particularly women's outerwear, also rose.
(KMcA/BMcC)
The inflation measured by the Retail Prices Index (RPI) dropped to -0.4% in March, a further drop from zero in February.
The RPI experienced large downward pressure from housing, with the main factors being house depreciation, mortgage interest payments and, to a lesser extent, buildings insurance. These factors are excluded from the Consumer Prices Index (CPI).
The CPI fell to 2.9% in March, from 3.2% in February. However, it still remains well above the government's target of 2%.
The largest downward pressure on the CPI came from gas bills, which dropped this year, as well as the price of heating oil, which also fell this year, but rose last year.
A fall in transport costs, including air fares, petrol and diesel, as well as a drop in the prices of food and non-alcoholic drinks, also exerted a downward pressure on the CPI.
The largest upward pressure on inflation came from recreation and culture, where prices, especially those of computer games and toys, rose, while clothing prices, particularly women's outerwear, also rose.
(KMcA/BMcC)
Related UK National News Stories
Click here for the latest headlines.
13 July 2004
Leisure products price rises boost inflation by 0.1%
UK inflation rose by 0.1% to 1.6% in June buoyed largely by prices on recreation and culture products, according to the Office of National Statistics (ONS).
Leisure products price rises boost inflation by 0.1%
UK inflation rose by 0.1% to 1.6% in June buoyed largely by prices on recreation and culture products, according to the Office of National Statistics (ONS).
22 May 2012
UK Inflation Down To 3%
The UK inflation rate fell last month to its lowest in years, but the Bank of England warned that eurozone troubles would keep prices rising. The Consumer Prices Index (CPI) rate fell 5% to 3% in March, according to the Office for National Statistics (ONS).
UK Inflation Down To 3%
The UK inflation rate fell last month to its lowest in years, but the Bank of England warned that eurozone troubles would keep prices rising. The Consumer Prices Index (CPI) rate fell 5% to 3% in March, according to the Office for National Statistics (ONS).
13 January 2014
April Jones' Murderer Drops Appeal
The man convicted of the murder of five-year-old April Jones has dropped his appeal against his whole-life sentence. Mark Bridger kidnapped the girl and sexually abused her before disposing her body, which has never been found. He was convicted and given a whole-life tariff. Bridger kidnapped April near her home in Machynlleth on 1 October 2012.
April Jones' Murderer Drops Appeal
The man convicted of the murder of five-year-old April Jones has dropped his appeal against his whole-life sentence. Mark Bridger kidnapped the girl and sexually abused her before disposing her body, which has never been found. He was convicted and given a whole-life tariff. Bridger kidnapped April near her home in Machynlleth on 1 October 2012.
24 October 2011
University Applications Down 9%
The increased cap on fees has had a huge affect on the amount of university applicants, with a fall of 9% in this year's submissions for university courses.
University Applications Down 9%
The increased cap on fees has had a huge affect on the amount of university applicants, with a fall of 9% in this year's submissions for university courses.
18 November 2008
Consumer Inflation Drops By Record Rate To 4.5%
UK inflation has fallen by a record rate in October to 4.5%, as oil, food and transport costs dropped, official figures have revealed. The Consumer Prices Index (CPI) measure dropped in September, from the 16-year peak of 5.2%.
Consumer Inflation Drops By Record Rate To 4.5%
UK inflation has fallen by a record rate in October to 4.5%, as oil, food and transport costs dropped, official figures have revealed. The Consumer Prices Index (CPI) measure dropped in September, from the 16-year peak of 5.2%.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
