Economic Indicators, May 2015

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%.

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.

GDP grew by 0.3% in Q1 2015