Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Retail Price Index falls to record low

The Retail Price Index fell to a record low in April due to lower mortgage costs.

The Retail Price Index (RPI) fell from -0.4% in March to -1.2% in April, the lowest figure since records began in 1948, and a bigger fall than economists had been predicting.

The RPI decline follows the Bank of England’s interest rate cut to 0.5% in March, which lowered mortgage payments further for some consumers.

The RPI was also affected by downward pressures in house depreciation, council tax and home insurance.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.