article_snippet: Prices are down by an average of 1.6per cent on a year ago, fuelling evidence that the Government’s official measures of inflation will show a period of ‘good deflation’.
article_snippet: 1.1per cent, which is its best performance for 18 months.
article_snippet: The current CPI measure of inflation is running at 0.3per cent.
article_snippet: The Bank of England and economists believe The Bank of England and economists could show a minus figure for March and April, which should feed through to an increase in spending power and living standards.
article_snippet: Negative inflation, or deflation, has not been seen in Britain since March 1960, which was one year before construction started on the Berlin wall and two years before the Beatles released the Beatles first single.
article_snippet: The Centre for Economics and Business Research said: ‘Unlike in the Eurozone, where there is a risk of a negative spiral of falling prices and weakening economic performance, the UK
article_snippet: ’s bout of deflation is expected to be short-lived and virtuous, as the declining prices of essentials increase household spending power.
highlights_snippet: Experts said declining price of essentials is increasing spending power .