the republic logo

Spain's consumer prices for March dip only 0.1 percent, half earlier estimate

Share/Save/Bookmark

MADRID — Spain's statistics office says prices were 0.1 percent lower in March than the year before, slightly less than the previous estimate of 0.2 percent.

PHOTO: A man looks over a fence in front of office towers in the business district of Madrid, Spain, Friday, April 11, 2014. Spain's statistics office said prices were 0.1 percent lower in March than the year before, slightly less than the previous estimate of 0.2 percent. The figures released Friday by the National Statistics Institute may ease concerns that the country will suffer a prolonged bout of deflation, or falling prices. Deflation can weigh on growth by prompting consumers to delay purchases and businesses to refrain from investing. (AP Photo/Paul White)
A man looks over a fence in front of office towers in the business district of Madrid, Spain, Friday, April 11, 2014. Spain's statistics office said prices were 0.1 percent lower in March than the year before, slightly less than the previous estimate of 0.2 percent. The figures released Friday by the National Statistics Institute may ease concerns that the country will suffer a prolonged bout of deflation, or falling prices. Deflation can weigh on growth by prompting consumers to delay purchases and businesses to refrain from investing. (AP Photo/Paul White)

The figures released Friday by the National Statistics Institute may ease concerns that the country will suffer a prolonged bout of deflation, or falling prices. Deflation can weigh on growth by prompting consumers to delay purchases and businesses to refrain from investing.

Though price pressures are muted across the 18-country eurozone, they are still rising, albeit at only 0.5 percent in the year to April.

The European Central Bank is keeping a close watch on developments and may enact further stimulus measures if deflation across the eurozone becomes a real probability. Its target is to have inflation just below 2 percent across the eurozone.

Think your friends should see this? Share it with them!

All comments are moderated before posting. Your email address must be verified with Disqus in order for your comment to appear.
View our commenting guidelines and FAQ's here.

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.