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