From Times Online
February 17, 2009
Deflation nears as living costs hit 40-year low
Gary Duncan, Economics Editor
Anxieties grew today that Britainís economy could slide into the grip of deflation as a key gauge of price pressures showed annual inflation tumbling to just 0.1 per cent.
Inflation measured by the Retail Price Index (RPI) extended recent sharp falls in January, sliding to an annual rate of just 0.1 per cent, from 0.9 per cent in December, official figures showed.
The 0.1 per cent inflation rate for last month marked the lowest since March 1960.