Fell back into deflationary territory in September
Fears the UK economy is heading for a period of deflation have increased after the inflation rate dropped to zero for the first time since records began.
Germany has tipped over into deflation for the first time in more than five years.
Barings' Andrew Cole takes his turn on the PA soapbox
The Bank of Japan has announced a number of measures to help tackle deflation and stimulate the economy.
Britain has fallen into official deflation for the first time since 1960, according to new figures from the Office for National Statistics (ONS).
Deflation has returned to the US for the first time in more than half a century, taking the pressure off cash-strapped consumers but raising the stakes in the Obama administration's battle to restore economic growth.