UK inflation drops to zero for first time

clock

Fears the UK economy is heading for a period of deflation have increased after the inflation rate dropped to zero for the first time since records began.

Figures released by the Office for National Statistics (ONS) revealed a 12-month Consumer Prices Index (CPI) inflation rate of 0.0% in February, down from 0.3% the previous month. Economists had expected a drop to 0.1%. Core CPI also came in slightly lower than expected at 1.2%, down from 1.4%. With January's 0.3% figure having already marked a record low for CPI, and the eurozone already in deflationary territory, today's figure will add to unease over the way in which the domestic inflation rate has tumbled in recent months. Much of the UK CPI decline can be attributed to the ste...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

2025 investment trends: The updated reality in wealth management

2025 investment trends: The updated reality in wealth management

'The future of wealth management will lie in personalisation'

Julia Khandoshko
clock 16 January 2025 • 4 min read
UK inflation lowers to 2.5% in December

UK inflation lowers to 2.5% in December

Down from 2.6% in November

Sorin Dojan
clock 15 January 2025 • 2 min read
'It's a challenging time': Advisers react to record gilt yield rises

'It's a challenging time': Advisers react to record gilt yield rises

Clients worried about a weakening UK economy

Isabel Baxter
clock 13 January 2025 • 5 min read