Inflation Falls for the First Time in the E.U.
The annual inflation rate in the European Union fell in June for the first time, according to preliminary estimates by the Statistical Office of the European Union, Eurostat. Inflation went from 0% in May to -0.1% in June, just in the negative zone.
The data on inflation in the EU, in each Member State and reviewed estimations for euro area will be published by Eurostat in mid July.
The average variation of consumer prices was negative in June for the first time since the creation of the euro area in 1999, informs Mediafax.
Food were more expensive a year ago, inflation has fallen since energy and food were more expensive a year ago than today, and the economic crisis gnawed the soundness of pricing policy of companies, analysts say.
On the other hand, lower prices may stimulate demand from consumers, the key factor in boosting economic growth.