Deflation officially returned to Britain today after an absence of nearly 50 years, when government data is expected to show that the retail prices index – the country's broadest measure of inflation – has turned negative.

After the indicator barely scraped over zero to 0.1% in January, another month of tumbling interest rates, collapsing house prices, and lower gas and electricity charges is expected by economists and City experts to have pushed February's figure to about -0.8%.

The Guardian, BBC