Deflation looms as CPI hits zero

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The UK is at risk of slipping into deflation as the Consumer Prices Index (CPI) hit zero for the first time since in February.

A 16.6% drop in the cost of fuel 3.4% fall in food prices drove the 12-month rate down from its previous low of 0.3% in January. Economists expect the index to dip into negative territory in the...

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