Monday, June 1, 2009
Euro-Zone Slipping Further Into Deflation
The Euro zone annual inflation rate in the 16-country region fell to 0% in May from April’s 0.6%, according to Euro-stat. Economists said inflation would turn negative in June,—deflation—further complicating the task of the European Central Bank as it attempts to combat the worst economic downturn for half a century.
Posted by John L. Feier at 10:42 AM