Bank of England says Britain set for deflation for the first time since 1960

BlackListedNews · 02-14-2015, 03:41 PM

Britain is heading for consumer prices deflation for the first time in more than five decades, the Bank of England said yesterday. The inflation rate as measured by the consumer prices index (CPI) slumped to just 0.5 per cent in December on the back of collapsing global oil prices. The Bank said its Monetary Policy Committee (MPC) “now judges it more likely than not that headline CPI inflation will turn negative at some point in the spring and will remain subdued for much of the rest of the year”.

http://feedproxy.google.com/~r/black...SWKYNSw/M.html

02-14-2015, 03:41 PM	#1
BlackListedNews Senior Member Join Date: Aug 2013 Posts: 12,733 Rep Power: 58	Bank of England says Britain set for deflation for the first time since 1960 Britain is heading for consumer prices deflation for the first time in more than five decades, the Bank of England said yesterday. The inflation rate as measured by the consumer prices index (CPI) slumped to just 0.5 per cent in December on the back of collapsing global oil prices. The Bank said its Monetary Policy Committee (MPC) “now judges it more likely than not that headline CPI inflation will turn negative at some point in the spring and will remain subdued for much of the rest of the year”. http://feedproxy.google.com/~r/black...SWKYNSw/M.html