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.

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