Deflation – it’s official!
April 22, 2009 by shrewdcookie
Filed under Personal Financial Planning
What is Deflation?
A deflationary climate has returned to Britain for the first time in nearly 50 years.
The Retail Prices Index (RPI) measures a theoretical basket of goods and compares changes in the price of the whole basket over time. For the first time in five decades RPI was lower over a 12 month period.
