For the first time since Harold Macmillan was Prime Minister Inflation, as measured by the Consumer Prices Index (CPI), turned negative last month.
But what does it mean for your savings, pensions and investments, we have the answers. But, first things first though, exactly what has happened?
To put is simply, the CPI (usually) measures that rate at which prices are rising. It does this by comparing a ‘basket’ of goods and services from one month to the next and reporting the change.
For the first ...