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RPI inflation hits zero

Chanderika Chouhan March 24, 2009 09:50

Today's inflation figures show the Retail Price Index (RPI) inflation - a measure widely used in wage negotiations - fell to zero in February. 

Consumer Price Index (CPI) inflation rose to 3.2% in February, up from 3.0% in January.

This prompted the Governor of the Bank of England to write a letter to the Chancellor explaining why CPI is more than 1% above the 2% target.

David Smith provides a good summary of the data...

 

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