Britain's economy staggers to a new record low as deflation figure plummets to -1.2%

Daily Mail
"The figures, from the Retail Prices Index, are the lowest seen since records began in 1948.However, the Government's favoured measure of inflation, the Consumer Prices Index, remains in positive territory, at 2.3 per cent, which is still above the Bank of England's target of 2 per cent.Experts said that while both measures would fall further this year, consumers may only be able to enjoy the benefits for another few months.But with interest rates unlikely to be slashed further, inflation could return with a vengeance next year, with higher costs of living coming as a shock to families who have become used to their housing costs falling, they said.Even now, many households are still experiencing painful rises in prices."