Mexican Media Brands
Eurozone Slides into Deflation
The eurozone's year-on-year inflation rate swung from 0.3% in November to -0.2% in December, according to a flash estimate from Eurostat.
#economics
Share
The eurozone's year-on-year inflation rate swung from 0.3% in November to -0.2% in December, according to a flash estimate from Eurostat. The data will be updated in mid-January.
The EU's data service says the onset of deflation is due entirely to plunging energy prices, which fell 3% in November and more than 6% in December. Eurostat estimates that inflation last month was zero for industrial goods, food, alcohol and tobacco. It says prices for services rose about 1%.
The onset of deflation puts new pressure on the European Central Bank to take stronger steps to stimulate the region's economy. The bank targets an inflation rate of about 2%. Actual rates have steadily fallen below that level for the past two years.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data