"CPI will go viciously negative – it's looking increasingly likely that it drops below target. It could easily go into negative territory, along with RPI."
The Retail Price Index – the most comprehensive measure of UK high street prices, will drop at an almost unprecedented rate to
-2pc by the second half of next year, according to new research from Fathom Consulting.
If oil prices came back below $70 a barrel (
it is now..Opec on Thursday brought forward to next week an emergency meeting to consider a cut in production after oil prices dropped to less than $70 a barrel for the first time in more than a year on worries about a global recession) and house prices fall at an even faster rate,the level of RPI inflation could fall as low as
-3pc and remain in negative territory for a year.
Nats have to go for this pension deal now, I suspect they wish they had gone earlier .
Britain faces deflation for first time since 1960 - Telegraph