19/05/2015

CPI Drops By 0.1%

The Consumer Prices Index (CPI) dropped by 0.1% in the year to April 2015, according to the Office for National Statistics (ONS).

This is compared to no change in the year to March 2015.

This is the first time the CPI has fallen over the year since official records began in 1996 and the first time since 1960 based on comparable historic estimates.

The largest downward contribution came from transport services.

(CD/JP)


Related UK National News Stories
Click here for the latest headlines.

17 December 2013
ONS Report Four-Year-Low For CPI Inflation Rate
The Office for National Statistics (ONS) reported that in November the UK's inflation rate, as measured by the consumer prices index, has fallen to a four year low of 2.1%. The fall, down from 2.2% in October, has been credited to slower increases in food and energy prices, the ONS has said.
21 April 2009
Inflation Drops Below Zero
The rate of inflation which includes mortgage costs has dropped below zero for the first time since 1960. The inflation measured by the Retail Prices Index (RPI) dropped to -0.4% in March, a further drop from zero in February.
14 January 2014
CPI Inflation Meets Govt Target For First Time In 5 Years
The UK's inflation has fallen to the government-set target of 2% for the first time since November 2009. In December the rate, as measured by the Consumer Prices Index, stood at 2%, down from 2.1% on thew month previous. Slower increases in the prices of food caused the rate to fall, according to the Office for National Statistics.
14 February 2012
UK Inflation Rate Falls To 3.6% In January
Inflation has falled in January as the impact of last year's VAT rise was no longer shown in the figures. Consumer Prices Index (CPI) inflation in the UK fell to 3.6% in January, down from 4.2% in December, according to the Office for National Statistics (ONS) on Tuesday.
18 October 2011
UK Inflation Now At 5.2%
The cost of living continues to rise as UK inflation reaches its highest level since the credit slump began, topping 5.2%. The Consumer Price Index (CPI), which tracks the prices of UK goods and services, was already more than double its target rate of 2% in August, but jumped in September by more that the worst expectations. The rate of 5.