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Sandie Seward

Why deflation is bad news for pensioners

Last month, the Retail Prices Index (RPI) fell to  minus 0.4%. This means that deflation (falling prices) has officially hit. In other words, the price of goods is lower now than it was 12 months ago. This is pretty big news since the last time the RPI struck negative territory was in March 1960

http://www.lovemoney.com/news/sav...nsioners-3413.aspx?source=1000020
JoJo

Can't say I have noticed any price cuts in food sandie Sad
Sandie Seward

Neither have I. Joan. Things  (essentials) are still keeping their higher prices, and the price of basic foodstuffs has not gone down at all. Sad

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