First time the region has tipped into deflation for the first time since modern records began half a century ago. The eurozone region has tipped into deflation for the first time since modern records began half a century ago. The M3 money supply has contracted over the last three months, flashing warning signs of potential trouble in six to nine months' time. Eurostat said the consumer prices index fell 0.1pc in June from a year earlier. The inflation picture has been distorted by the delayed effects of the oil crash from the speculative peak in mid-2008. But while prices are expected to rise again later this year after the commodity rebound, the eurozone is moving uncomfortably close to the sort of trap that engulfed Japan during its "Lost Decade".
The eurozone region has tipped into deflation for the first time since modern records began half a century ago. The M3 money supply has contracted over the last three months, flashing warning signs of potential trouble in six to nine months' time.
Eurostat said the consumer prices index fell 0.1pc in June from a year earlier. The inflation picture has been distorted by the delayed effects of the oil crash from the speculative peak in mid-2008. But while prices are expected to rise again later this year after the commodity rebound, the eurozone is moving uncomfortably close to the sort of trap that engulfed Japan during its "Lost Decade".
What else?
