The zero sum game - neither inflation nor deflation

Inflation at 0.0% means the Bank of England is under no pressure to ease its stimulus, but rising or falling wages remain key to UK economic growth

Put the "Britain slides into deflation" headlines on hold for another month. Higher petrol prices meant that the annual inflation rate in the UK in March was zero, the same as it was in February.

Technically speaking, even had the Office for National Statistics announced that last month's inflation rate had been negative, it would not have qualified as deflation.