Inflation fell to a record low last month as the first recession in 13 years took its toll on prices and pushed the economy closer to deflation. The Composite CPI rose only 0.1 per cent in October on a year-on-year comparison, compared with a 2.5 per cent rise the previous month, according to the Census and Statistics Department. The CPI (A), based on expenditure by lower-income households, fell 0.1 per cent. It was the lowest rate for the Composite CPI - the broadest measure for inflation - since record keeping began in October 1981. Lower rents and falling prices for consumer goods, as well as a one-off tax rebate contributed to the sharp decline.