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European Prices Continue to Fall, Fueling Concerns

The Continent experienced a third straight month of declining prices in February, data showed, but the jobless rate ticked down to the lowest level since 2012.

PARIS — Europe experienced a third straight month of falling prices in February, adding to worries about possible deflation, official data showed on Monday, but the jobless rate ticked down to the lowest level since 2012, providing a welcome glimmer of hope that the economy might be picking up steam at last.

Consumer prices in the eurozone fell 0.3 percent in February from a year earlier, Eurostat, the statistical agency of the European Union, reported from Luxembourg. Prices had fallen 0.6 percent in January and 0.2 percent in December.

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Source: The New York Times (1551 Articles)
Written by David Jolly