Negative inflation in UK for first for 1960

UK Inflation turned negative for the first time in more than half a century in April, official figures showed today.

The UK Consumer Price Index (CPI) measure of inflation dipped to minus 0.1%, according to the UK Office of National Statistics (ONS).

It is the lowest rate on record and comes after two previous months of zero inflation.

Estimates of past CPI rates suggest it was last negative in March 1960 when Harold Macmillan was UK prime minister and Dwight Eisenhower was in the White House.