Britain’s Inflation Rate Unexpectedly Drops Back Below Zero
- Consumer prices fall annual 0.1%, second decline in 2015
- BOE says U.K. inflation weakness to persist into 2016
The BOE's Ability to Handle Low U.K. Inflation
This article is for subscribers only.
Britain’s inflation rate turned negative for only the second time since 1960 in September, reflecting weak price pressures that the Bank of England has warned will persist into 2016.
Consumer prices fell an annual 0.1 percent after stagnating in August, the Office for National Statistics said in London Tuesday. Economists had forecast stagnation. Prices last declined in April.