Using the Consumer Price Index, the UK inflation rate was 5.2% in September 2011. By June 2014, the UK inflation rate measured in this way had fallen to 1.6%. What can be concluded with certainty about the period from September 2011 to June 2014?
- AFixed income earners had increased purchasing power.
- BPrices were falling.
- CThe rate of price increases was slowing.
- DThe real rate of interest became positive.