UK inflation is negative again, but what does this mean for consumers?

Low inflation has mixed implications for households - it's good news for borrowers but consumers with a lot of debts should try to pay them off

For the second month running the UK's headline figure for inflation - the rate of increase in prices for goods and services - is negative. In October, prices were 0.1% lower than a year ago - the first time ever that the consumer prices index (CPI) has fallen in two consecutive months.

While September's figure is used to determine benefits rises, October's is not so important in that respect. But the rate of inflation could still have an impact on your finances.