Britain Slips Into Deflation For The First Time In 55 Years

[manjunath455]

LONDON: Britain has slipped into deflationary territory for the first in more than 50 years. 

The consumer price index — the official measure of inflation — fell by 0.1% in the year to April 2015, according to the office for national statistics. The measure stood at 0% in March. 

This means that the price of food, alcohol and clothing was cheaper last month than it would have been a year ago.