Tuesday, October 13th2.5°C

Eurozone inflation rate drops further to 0.5 per cent, strengthening deflation worries

BRUSSELS - Official data show the eurozone's inflation rate in March decreased for the third consecutive month to a new low of 0.5 per cent, a development likely to add pressure on the European Central Bank to ease its monetary policies.

The preliminary estimate for the 18-country currency bloc published by the European Union's statistics agency Monday was down from February's annual rate of 0.7 per cent.

Eurostat says the core inflation rate — excluding volatile food and energy costs — also dropped, from 1 per cent in February to 0.8 per cent in March.

The ECB aims to keep inflation just below 2 per cent, but the data raise the prospect of falling prices, or deflation, which can choke off growth as consumers and businesses delay purchases in hopes of getting better bargains down the line.

The Canadian Press

Read more Business News

Recent Trending

Today's Market
S&P TSX13964.36-14.30
S&P CDNX552.26+5.20
S&P 5002008.72-8.74
CDN Dollar0.7652-0.0039
Natural Gas2.516-0.019

Okanagan Companies
Pacific Safety0.225-0.005
QHR Technologies Inc1.25+0.02
Metalex Ventures0.07+0.02
Russel Metals21.26-0.29
Copper Mountain Mining0.66+0.05
Colorado Resources0.07+0.00
ReliaBrand Inc0.0245+0.0070
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.075-0.005
Decisive Dividend Corp3.25+0.14
Diamcor Mining0.97+0.03


2399368246-4035 Gellatly Road
2 bedrooms 2 baths
more details
Click here to feature your property
Please wait... loading

Income for life?

Photo: Thinkstock.comIn almost every conversation I have with clients these days, the topic swings to interest rates. What direction they’re going, how long will they stay where they are and how...

Perfect (reno'd) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...




Member of BC Press Council