Mexican Media Brands
U.K. Inflation Falls to Zero
The U.K.'s inflation rate declined to 0% in February, the lowest level since the Office for National Statistics began calculating its Consumer Prices Index in 1988.
#economics
Share
The U.K.'s inflation rate declined to 0% in February, the lowest level since the Office for National Statistics began calculating its Consumer Prices Index in 1988.
The agency says lower food and fuel prices offset increases in such costs as clothing and housing. The U.K.'s core inflation rate, which excludes food, energy, alcohol and tobacco, was 1.2% last month.
Britain's consumer price index has been slowly declining since mid-2011. The Bank of England considers 2% inflation normal and a healthy stimulant to economic growth.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.