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This month’s developments

Inflation remains at zero

The Consumer Price Index (CPI) inflation rate was 0.0% in March, the same rate as in February. These are the joint lowest inflation rates on record. The Bank of England target for CPI inflation is 2%.

Consumer Price Index % change on year since 2007

Employment rate reaches a record high

At 73.4%, the employment rate in December-February 2015 was the highest rate since comparable records began in 1971.

Employment rate since 2007

GDP grew by 0.3% in Q1 2015

GDP growth since 2007 chart

 

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