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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.