Inflation Fell To 0% In January In the UK

Inflation in UK fell to 0% in January, the lowest it has ever been ever since they began keeping records.

Apparently lower food and computer goods prices helped cut the rate to 0.3% in January.

February's figure is the lowest rate of Consumer Prices Index (CPI) inflation since estimates of the measure began in 1988.
The drop in the CPI measure was sharper than many analysts had expected, with most expecting a rate of 0.1%.
The February figure means that the cost of living is the same as it was a year earlier.
It is worth pointing out that CPI only became the main measure of inflation in 2010. Before that the Retail Price Index, which includes housing costs and mortgage payments, was used. That index was negative for much of 2009.
Ben Brettell, senior economist at Hargreaves Lansdown, said the UK "took another step towards deflation" in February.
"It looks likely the rate will drop below zero at some point in the coming months, and hover around zero for most of the year," he said.
For now at least, the fall in the price of food, games, petrol and energy, if it persists for a few months, is good news for most of us - because it increases our spending power and our pounds go further.
In other words we feel and are a bit richer.
But if stagnation in prices were to go on for longer, if it were to turn into fully fledged deflation, that would be worrying.
The point is that if we thought that the price of things we don't normally have to buy at any particular moment - household goods like washing machines for example, or motor cars - was on a firmly downward path, we would probably defer purchases of those things, and that would depress economic activity.