UK shows first price deflation in 50 years

FOR THE first time since March 1960, the UK has recorded a negative CPI figure, with overall CPI at -0.1% this month.

Foodservice Footprint Unknown-1-300x225 UK shows first price deflation in 50 years Foodservice News and Information Grocery sector news updates Out of Home sector news  Office National Statistics CPI

 

 

 

 

 

 

 

 

 

 

According to the Office of National Statistics, prices have risen more slowly than usual following the annual January dip.

 

Most commentators have taken this to be a positive sign for the overall economy.

 

Food prices, which reached a high point on Feb 14th, have continued to drop, but at a slightly slower inflationary figure of -3.0%, versus 3.2% last month.

 

Oils and fats have seen the most significant price falls of 7.8%, year on year, whilst vegetables have shown a drop of -4.4%, year on year.

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