According to National Statistics Office (NSO), the rate for March 2018 stands at -0.9 percent compared to 2.1 percent in February, 2018.
The return of real income growth is good news for households, as wage growth has lagged behind inflation for more than an year.
The data comes in light of United Kingdom wages rising by 2.8 per cent for the three months to the end of February, meaning wages are now rising at a faster pace than the increase in the cost of a typical basket of goods and services.
The pound slumped following news that the Consumer Prices Index 12-month rate dropped to 2.5 percent in March as the official data throws into doubt the course of the Bank of England's monetary policy this year. Earnings grew 2.8 per cent while inflation dropped to 2.7 per cent.
These numbers probably won't stop the Bank of England from raising rates next month, but sharply lower inflation eases the upward pressure.
What's this? is a calculation of how fast prices are rising.
Food prices rose 0.3% compared with a month earlier, versus a 0.6% rise over the same period in 2017, with fruit and fish applying the most downward pressure, having fallen 1.4% and 1.3% respectively.
"Higher wages mean more money chasing the same amount of goods and services, which could lead to higher prices", Mr Brettell said.
National Weather Service: EF-1 tornado hit Upshur, Harrison counties
An EF-2 tornadoe tore through a MS neighborhooed, its 115 mile and hour winds sheering the roof off at least one house. Different wind speeds have a tendency to produce varying amounts of damage to distinct structures.
Dwyane Wade thanks Kevin Hart in Sixers gear for extra motivation
There are still a few medical hurdles for Embiid to clear as he returns from surgery, sources told ESPN's Ramona Shelburne . He wants to be with his team. "When he's not able to do that, he gets frustrated."I respect his frustration", Brown added".
India, Sweden to enhance cooperation in defence, cyber security
Setting the tone for a fruitful exchange of views at the talks, the two Prime Ministers walked together from the residence of Mr. Juvencio Maeztu, CEO IKEA Group, and Hakan Buskhe, CEO Saab , were among the top business leaders who attended the roundtable.
"While the next Bank of England rate rise is imminent, many are still questioning whether consumers will actually see any benefit, particularly as several of the banks failed to pass on the rise from late past year".
"At the same time the Bank would dearly love some more firepower to counter the next economic downturn, whenever that may be". Against the euro, the pound was trading 0.3 per cent lower at 1.15.
United Kingdom manufacturers increased the prices they charged by 2.4% compared with 2.6% in February, slightly stronger than the consensus forecast of 2.3% but still marking the weakest rate of increase since November 2016.
The slowdown was largely driven by the weak growth in women's clothing cost.
The ONS's house-price gauge showed an annual gain of 4.4% in February, down from 4.7% in January.
Mike Bell, global market strategist at JP Morgan said he thinks United Kingdom inflation is likely to fall sharply this year, boosting wage growth and consumer confidence.
At the pumps, motorists also faced lower fuel costs last month, with petrol down by 1.6p per litre on the month to 119.2p per litre.