"
What cost of living crisis? CPI inflation falls to zero for first time on record" writes Nelson Fraser in
The Spectator. Indeed but not for the first time ever apparently but certainly the first time since the Consumer Prices Index was created in 1989 (click to enlarge image). More good news in the article by Fraser for those suggesting 'deflation' could be a problem.
Of course
CPI doesn't include all household expenses; that would be the Retail Prices Index (
RPI) which includes mortgage and rent (and Council Tax); these would be most people's highest outgoings but even this Index hovers just over the 1% mark. One commenter asks who is responsible, oil price fall or the Chancellor...
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