[MTVN]

Originally Posted by Kizzy

Remind me again how brilliantly we're doing....

'UK inflation as measured by the Consumer Prices Index (CPI) remained at -0.1% in October, the Office for National Statistics has said.
The news will further dampen expectations of a rise in interest rates any time soon.
The Bank of England said earlier this month that the global economy was weakening, depressing inflation risks.
Following this report, many economists forecast that rates would not rise until well into next year.
October marked the first time consumer prices have fallen on an annual basis for two months in a row. The price of clothing rose last month, but this was offset by a fall in food, alcohol and tobacco.'

http://www.bbc.co.uk/news/business-34841952

It's not particularly disastrous though is it. As the article goes on to mention, negative inflation can boost the economy so long as it does not become endemic

Economists said negative inflation would give a short-term boost to the economy.

Chris Williamson, chief economist at Markit, said: "The benefit of ongoing low inflation is not only that interest rates will stay lower for longer but that real wage growth remains robust, which will in turn continue to boost consumer spending power and help sustain the economic upturn.

"The deflationary picture supports the Bank of England's dovish outlook, which envisages interest rates staying on hold until 2017. However, this outlook is dependent on oil prices and wage pressures remaining low, both of which remain something of an unknown."

Andrew Sentance, senior economic adviser at consultants PwC, said the latest ONS data did not point to "a more generalised deflation". As fuel price falls drop out of the annual calculation over the next few months, he expected the inflation rate to move up to "about 1% or higher".

He added: "Meanwhile, consumers continue to benefit from the combination of stronger wage increases and very slightly falling prices. The resulting increase in real wages and household disposable incomes should continue to be supportive of consumer spending and economic growth over the year ahead."

Fairly solid across the board then, as I said earlier in the thread. I notice there was no mention in this thread of the news a few days ago that the unemployment rate fell to its lowest since 2008