Inflation falls again

UK inflation as measured by the change in the Consumer Prices Index compared with 12 months previously fell again in March, to 1.6% in the year to March, from 1.7% in the year to February, according to the Office for National Statistics (ONS).

It is the third consecutive month inflation has been below the Bank of England's 2% target rate, and the lowest rate since October 2009.

The largest contribution to the fall in the rate came from petrol prices.

Inflation as measured by the change in the older RPI measure (Retail Prices Index) also fell, to 2.5% in the year to March compared with from 2.7% in the year to February.

Comments

Jim said…
Inflation falls?

well ok April is my car tax month, this april it cast me £145 (as its been raised in line with inflation)

but last year it cost £140 hmmmmm, so thats a 3.57% rise

the yaar before it raided from 135 to 140 (a 3.7% raise)

The year before that it raised from 130 to 135 (a 3.8% rise)

Now, you can have it one way or another, either "inflation" is higher than the government choose to let on, or taxes are not raised in line with "inflation" as they always state, you just cant have it both ways
4:02 pm
Chris Whiteside said…

Vehicle Excise Duty (Car tax to you and me) did indeed go up by slightly more than inflation for the three years you mention.
1:41 pm
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