Showing posts with label Energy price. Show all posts
Showing posts with label Energy price. Show all posts

Monday, February 29, 2016

Energy price slump sends eurozone into deflation

Consumer prices in the eurozone fell sharply in February to minus 0.2%, putting more pressure on the European Central Bank.

Euros
The slide into deflation is a sharp reversal from the revised 0.3% increase recorded in January.

It is the first fall in inflation since September when it shrank by 0.1%, according to Eurostat.
Energy drove the decline, with prices down 8% in February compared to a 5.4% slide in January.
The dismal figures have dashed hopes that ECB efforts to boost prices were working. That raises the chance of the bank announcing further stimulus measures next month.

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