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Eurozone slides back into deflation
By Peter Spence
The Telegraph, London
Monday, February 29, 2016
The eurozone lurched back into deflation this month, putting more pressure on the European Central Bank to ramp up stimulus when it meets next week.
Prices fell by 0.2 percent in the year to February, according to figures published by Eurostat. The decline confounded economists, who had expected prices to remain steady.
The return to deflation followed inflation of 0.3pc in the year to January, and was the result of a renewed slump in oil and gas prices. The closely watched core inflation measure, which strips out volatile energy prices, also fell. ...
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