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ECB relieved as Eurozone announces flat inflation rate

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By Euronews
ECB relieved as Eurozone announces flat inflation rate

<p>The EU’s statistics agency has revealed that eurozone inflation has been flat in the year up to March.</p> <blockquote class="twitter-tweet"tw-align-center data-lang="en"><p lang="en" dir="ltr">Eurozone inflation at zero percent in March <a href="https://t.co/VpgkHecxLU">https://t.co/VpgkHecxLU</a> <a href="https://t.co/dTqpgRv5du">pic.twitter.com/dTqpgRv5du</a></p>— <span class="caps">FRANCE</span> 24 (@FRANCE24) <a href="https://twitter.com/FRANCE24/status/720559867690225664">April 14, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <p>That is up on the initial estimate of a 0.1 percent fall and the 0.2 percent drop in February. </p> <p>Price hikes in cafes and restaurants pushed the figures up.</p> <p>The early Easter also had an impact and German inflation went up to 0.1 percent from 0.2 percent. </p> <blockquote class="twitter-tweet"tw-align-center data-lang="en"><p lang="en" dir="ltr">Tense dinner parties in DC — Draghi's German baggage follows him to Washington <a href="https://t.co/dI5JFNC0Zv">https://t.co/dI5JFNC0Zv</a> <a href="https://twitter.com/hashtag/ECB?src=hash">#ECB</a> <a href="https://t.co/CmSX1UIEhw">pic.twitter.com/CmSX1UIEhw</a></p>— Fergal O'Brien (@fergalob) <a href="https://twitter.com/fergalob/status/720503832392937472">April 14, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <p>The numbers will provide some good news for the European Central Bank, which lives in fear of too-low or negative inflation that could lead to deflation. </p> <p>Falling prices hurt economies as consumers delay purchases waiting for the lowest price.</p>