Inflation fell sharply in December on
the back of lower fuel and clothing prices. Consumer Prices Index (CPI) inflation in the UK fell to 4.2% in December,
down from 4.8% in November, according to the Office for National Statistics
(ONS).
http://www.bbc.co.uk/news/business-16591740However, a Guardian article - 'By the end of 2012 we may be worrying about deflation not inflation'
http://www.guardian.co.uk/business/economics-blog/2012/jan/17/end-2012-deflation-not-inflation
