Consumer Price Index drops after toy prices fall

Official measure of inflation fell to three per cent in Feb; slowdown driven mainly by decrease in toy and games prices.
Author:
Publish date:
3969_mypictr_300x300.jpg

The Consumer Price Index saw a drop for the first time since September 2009 from 3.5 per cent to three per cent. This beat analysts' predictions of a fall to 3.1 per cent.

The Office for National Statistics said a decrease in average gas bills also helped the inflation levels to fall.

Retail price inflation was steady at 3.7 per cent.

The Ernst & Young ITEM Club predicted that inflation will near the two per cent target by the end of the year.

Related

Featured Jobs

GAMEPLAN LOGO 3D hi res

Marketing Director UK

Gameplan I Southeast of England I Salary: Competitive I Date Published Monday 7th January 2019

Rainbow logo landscape_home of classic Final

Product Manager

Rainbow Designs Ltd I Olympia, London I Salary: Competitive I Date Published Wednesday 16th January 2019