UK inflation is at it's lowest recorded rate for decades, thanks to falling food and fuel prices. Despite deflation on the horizon it's not a bleak outlook for the economy. Full Story: The last time UK inflation was this low - you could buy a loaf of bread for 5 pence, now you'll spend well over a pound. At 0% it's the lowest figure since records began...unofficial estimates indicate it was last around that mark back in 1960. And it's putting a big smile on Finance Minister George Osborne's face. [George Osborne, Uk Finance Minister]: "Frozen prices are a first for the British economy and this zero inflation is driven by falling petrol prices and food prices, so it's good news for families." Food prices fell 3.4% in the year to February. The cost of fuel - down 16.6%, thanks to plummeting world oil prices. And the savings are being felt by some. [Nisha, Business Owner]: "On petrol prices, I am probably saving about £30 to £40 a week." [Imogen, London Resident]: "It's inter... ( More) | 
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