Inflation Hits 0% As Food Costs Fall Further

Written By Unknown on Rabu, 25 Maret 2015 | 12.06

Inflation Hits 0% As Food Costs Fall Further

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Falling food prices meant the annual rate of UK inflation stood in uncharted territory of 0% in February, boosting family budgets.

The Office for National Statistics (ONS) said its headline CPI measure of inflation eased from 0.3% in January to 0% in February year-on-year.

The figure sets a new record low for CPI since comparable records began in 1989 though the ONS added that inflation may have been lower in 1960 at -0.6%, based on unofficial estimates.

The ONS said consumer prices, measured under prices for a core basket of goods, were unchanged from a year earlier as lower food and computer goods prices outweighed upward pressures.

Food and non-alcoholic beverage prices saw a record year-on-year drop of 3.3% amid the supermarket price war.

1/10

  1. Gallery: Last Time Inflation Was As Low

    A loaf of bread, which could finally be bought sliced, would have set you back 4.5p

You could spread your money thinly with a pound of butter just 22p

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Fancy a pint? 8p, please!

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Or if you preferred something lighter, 250g of tea would have cost 16.5p

]]>

And if you took sugar, 1kg wouldn't be more than 6.5p

]]>
Inflation Hits 0% As Food Costs Fall Further

We use cookies to give you the best experience. If you do nothing we'll assume that it's ok.

Falling food prices meant the annual rate of UK inflation stood in uncharted territory of 0% in February, boosting family budgets.

The Office for National Statistics (ONS) said its headline CPI measure of inflation eased from 0.3% in January to 0% in February year-on-year.

The figure sets a new record low for CPI since comparable records began in 1989 though the ONS added that inflation may have been lower in 1960 at -0.6%, based on unofficial estimates.

The ONS said consumer prices, measured under prices for a core basket of goods, were unchanged from a year earlier as lower food and computer goods prices outweighed upward pressures.

Food and non-alcoholic beverage prices saw a record year-on-year drop of 3.3% amid the supermarket price war.

1/10

  1. Gallery: Last Time Inflation Was As Low

    A loaf of bread, which could finally be bought sliced, would have set you back 4.5p

You could spread your money thinly with a pound of butter just 22p

]]>

Fancy a pint? 8p, please!

]]>

Or if you preferred something lighter, 250g of tea would have cost 16.5p

]]>

And if you took sugar, 1kg wouldn't be more than 6.5p

]]>

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