Eurostat confirms inflation of -0.1% in the euro area – publico

                 

                         
                     

                 

 
                         

The Eurostat announced on Friday an annual inflation rate of – 0.1% in the euro area, confirming the estimate that it had released in late March and has already pointed to a slight slowdown in falling prices                      

                          The last month was the fourth consecutive with a negative rate over the same month last year, despite the various measures that have been implemented by the European Central Bank to counter this trend. The decline was 0.2% in December, 0.6% in January and 0.3% in February. Also throughout the European Union the prices are falling since December and registered in March a contraction of 0.1%.

In Portugal, according to Eurostat data, the rate inflation is in negative values ​​since October last year. The decline in March was 1.2%, slightly above the 1.3% decrease observed in February.

March was the month in which the central bank began to implement its debt purchase plan public, providing for monthly purchase of assets worth 60 billion euros in order to put money into the economy and raise inflation to a level close to 2%, a value which is included in the bank’s powers.