Latest Retail Prices Index Stories

2009-04-21 10:32:06

British retail prices sank in March for the first time since 1960, indicating a period of deflation had set in, the National Statistics Office said. The monthly retail price index registered minus 0.4 percent in the month compared to a break-even zero percent in February. The consumer price index also dropped in the month from 3.2 percent in February to 2.9 percent. Similar factors pressured prices for consumers and retailers, the NSO said. Additionally, depreciation of homes and mortgage...

Word of the Day
  • The prevailing range of a vocal or instrumental part, within which most of the tones lie.
This word is Italian in origin and comes from the Latin 'textura,' web, structure.