Thursday 26 March 2015
CPI Inflation falls to zero as cost of living conditions improve
CPI inflation falls to zero
The positive impact on the cost of living is clear as this is more good news. CPI inflation has fallen to zero for the first time since the index was created in 1989. The background is:
- Rising employment
- mortgage rates at record lows
- consumer confidence growing
Full impact on why this good news for people up and down the country is set out in detail by the Spectator: http://blogs.spectator.co.uk/coffeehouse/2015/03/what-cost-of-living-crisis-cpi-inflation-falls-to-zero-for-first-time-on-record/