UK inflation tipped to turn negative for the first time since 1960

Prospects of an annual dip in overall shop prices comes after last year's halving of the oil price, a decline in raw materials costs and a drop in the cost of food

We have not been here since 1960: economists expect official figures on Tuesday to show annual inflation on the standard CPI measure dipping below zero for the first time in more than 50 years, pushed lower by nearly 12 months of low oil prices and ferocious supermarket price wars.

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