Prices rising at slowest rate
Output prices rose by just 0.1% between February and March and by 2% over the year - the slowest annual rate of increase since July 2007, the Office for National Statistics said.
Consumer prices rose less than expected in May and posted the steepest annual drop in 59 years, according to government data released Wednesday, fresh evidence that the recession is keeping inflation in check.Low prices will make it easier for the Federal Reserve at its meeting next week to keep a key short-term interest rate near zero, where it has been since December.