Friday March 27, 2009
Deflation expected to return to UK for first time in 50 years
Caroline Gammell
Telegraph
Deflation is expected to return to the UK for the first time in nearly 50 years with the announcement that prices are falling nationwide rather than increasing.
The retail price index (RPI) - which measures the average month-to-month change of the prices of goods and services - is thought to have slid into negative figures.
The last time the UK experienced deflation was in 1960 when Harold Macmillan was prime minister.
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