Falling energy and food prices push UK towards deflation
by Gwyn Topham from Economics | The Guardian on (#5EKC)
Analysts expect inflation is likely to have fallen to 0.1% with some predicting that figures could show a negative reading
The British economy is heading for a spell of deflation as official figures are expected to show that inflation dropped to 0.1% last month.
Analysts expect the UK's consumer price inflation (CPI) figure for February, which is released on Tuesday, to fall from 0.3% in January, driven by lower energy and food prices. Some economists think the monthly update from the Office for National Statistics could already show deflation.
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