The falling price of oil has sent January's inflation figure for the Island into negative territory.
Figures released today show the Consumer Prices Index fell to -0.2% last month, the first time the CPI has dipped into deflation since the index was established in 2008.
That's down from 0.2% the previous month.
Government says January's figure is solely the result of the falling cost of petrol and heating oil - if that hadn't been the case, the CPI would still be in the positive zone.
There were also drops in the price of food, alcohol, clothing and footwear last month, while prices rose most sharply in the hotel and restaurant sector.
Meanwhile, the Retail Prices Index also shows the annual rate of inflation fell in January, standing at 1.9% down from 2.2% in December 2014.