Europe sinks back into deflation

Deflation has returned to Europe.

Official data shows consumer prices across the eurozone fell by 0.2% in December, marking the first time prices have fallen in the region since the Great Recession.

<> on November 30, 2011 in Berlin, Germany.

The figure was worse than most analysts were expecting and the weakest since September 2009. Eurozone inflation stood at 0.3% in November.  Read more

Categories: Economy, Europe, United States

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