U.K. on Brink of Falling Prices as Inflation Rate Drops to Zero
This article is for subscribers only.
Inflation slumped to zero in February, putting Britain on course for its first period of falling consumer prices in more than half a century.
The slowdown from 0.3 percent in January was sharper than economists had forecast and marked the first zero reading since comparable records began in 1989. Based on constructed historical data, it’s the weakest since 1960, the Office for National Statistics said on Tuesday.