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Retail Price Index at zero

The Retail Price Index, a key measure of inflation, has fallen to zero for the first time since 1960.

The Retail Price Index includes housing costs, which have fallen in recent months thanks to interest rate cuts.

However, the Consumer Price Index rose by 3.2%, up from 3% in January, as the cost of food, drink and transport all rose.

There is unlikely to deflation in the clothing market because the weak sterling against the dollar is pushing up sourcing prices for retailers.



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