Article P0VB Eurozone inflation drops below zero as prices fall by 0.1%

Eurozone inflation drops below zero as prices fall by 0.1%

by
Phillip Inman Economics correspondent
from on (#P0VB)

Negative inflation brought on by cheaper energy prices puts pressure on European Central Bank to boost stimulus programme

A slump in oil prices pushed eurozone inflation below zero this month, according to figures from Eurostat, the statistical office of the EU.

Prices fell across the currency bloc by 0.1% year-on-year in September, putting pressure on the European Central Bank (ECB) to beef up the a60bn a month stimulus programme begun earlier this year.

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