Thursday October 23, 2014 Search
Weather | Athens
22o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurozone inflation stuck in 'danger zone', keeps pressure on ECB

A shock drop in March eurozone inflation to its lowest level since November 2009 was confirmed on Wednesday, keeping pressure on the European Central Bank to intervene should prices not rebound.

The year-on-year inflation rate in the 18 countries sharing the euro was 0.5 percent in March against 0.7 percent in February, the European Union's statistics office Eurostat said.

The biggest rise in prices was observed for tobacco, restaurants and bars as well as milk, cheese and eggs, while lower prices were recorded for heating oil, telecommunications and fuel.

There was a stark disparity across the eurozone with countries such as Greece (-1.5 pct) and Cyprus (-0.9 pct) seeing their prices fall compared to last year.

Inflation rates in Austria (+1.4 pct), Malta (+1.4 pct) and Germany (+0.9 pct) were nearer to the ECB's target of close to but below 2 percent.

Inflation has now been in the ECB's «danger zone» of below 1 percent for six consecutive months, fuelling speculation that the ECB will need to take further action.

ECB policy makers said the bank stood ready to deploy unconventional measures to ensure that inflation did not stay low for too long.

ECB's President Mario Draghi expressed concerns at the euro's strength on Saturday in Washington, trying to talk down the currency, which influences domestic prices.

The strength of the single currency against the dollar makes imports cheaper and pushes down the prices Europeans pay for goods and services.

While this can give households more purchasing power in the short run, the ECB wants to avoid a drop in inflation expectations.

[Reuters]

ekathimerini.com , Wednesday April 16, 2014 (13:31)  
Solidarity tax to be extended for two years
Spanish unemployment lowest since 2011 as economy grows
EU requests clarification on Italy´s ´breach´ of budget goals
German survey props up European shares
Conspiracy of the Cells of Fire suspect arrested over bail violation
Police in Dimitsana, in Arcadia in the Peloponnese, on Thursday arrested Stella Antoniou, who is facing charges of involvement in the urban guerilla group Conspiracy of the Cells of Fire, fo...
Highway traffic to be disrupted on Corinth-Patra route
Traffic was expected to be disrupted on a section of the national highway between Corinth and Patra in the Peloponnese from Thursday evening to early Friday morning for roadworks, it was ann...
Inside News
SOCCER
Roberto´s heroics make Kasami´s goal count
Pajtim Kasami’s goal and Roberto’s heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
COMMENTARY
Defusing a crisis
The crisis in Cyprus is escalating rapidly and defusing it is an extremely delicate and complicated procedure that will inevitably lead to losses for the weakest of the two sides. The course...
EDITORIAL
PM needs to step up
The public perception of the government is anything but good right now. The coalition is projecting an image of discord and constant disputes show that key ministers are unable to stay on th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Conspiracy of the Cells of Fire suspect arrested over bail violation
2. Highway traffic to be disrupted on Corinth-Patra route
3. Solidarity tax to be extended for two years
4. Spanish unemployment lowest since 2011 as economy grows
5. EU requests clarification on Italy´s ´breach´ of budget goals
6. German survey props up European shares
more news
Today
This Week
1. Strong winds hamper sea travel
2. TBEX brings together 800 travel bloggers in Athens
3. Cyprus president to sit out EU summit due to high blood pressure
4. Samaras to represent Anastasiades at European Council meeting
5. Arrivals show increase in January-June 2014 period
6. Spanish unemployment lowest since 2011 as economy grows
Today
This Week
1. Coalition shooting itself in the foot
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. The past, present and future of the Greek debt crisis
4. Greece’s closed society is central to its current malaise
5. Greece must stick to reforms, says Schaeuble
6. At least 11 banks to fail European stress tests, three in Greece, report says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.