BGN Entrepreneur

As interest rates have plunged, the Retail Prices Index, which is the measure of inflation that takes into account mortgage payments, fell dramatically to 0.1% in January and then to zero in February. Meanwhile, the Consumer Prices Index, which excludes mortgage payments, shows that prices rose by 3.2% in the year to February, remaining above the government’s target of 2%. A falling RPI and a rising CPI could prove to be a mixed blessing for many people.
And now, for the very first time in 49 years, One of the measures of UK inflation has fallen to zero. The figures are significant as they indicate the shock inflicted by the credit crunch and the resulting recession.

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