Capital injected into UK business was reliant in -.3% RPI Today announced RPI -4% see below from the Times Apr 21st
The UK edged into deflation last month as the RPI (Retail Price Index) measure of inflation tumbled to -0.4 per cent from 0 per cent in February, official figures showed this morning.
This is the first time that RPI inflation, which includes housing costs and is used as a benchmark for UK wage deals, has turned negative since 1960.
I assume they will have to add more capital again ! Bad !!!
This has to be an exceptional circumstance not sure what to do !
Analysts said that RPI was set to fall much further.
Colin Ellis, European economist at Daiwa Securities, said: "The record minimum for RPI since 1948 is -0.8 per cent in June 1959. It is only a matter of time before RPI sets a new record low on that front."
HDF Price at posting:
57.2¢ Sentiment: Buy Disclosure: Held