Update: Germany slips into deflation as eurozone figures worsen

clock

Germany has fallen in to deflation for the first time in more than five years, with eurozone figures falling to the equal lowest level on record.

Inflation fell below zero for the first time since October 2009, according to preliminary estimates from statistics agency Destatis, as prices dropped by 0.3% in the year to January. Analysts had expected deflation - but not at this pace, according to the Telegraph. A poll suggested that prices would fall by 0.2% in the period. Final results for January will be published on 12 February. Separate eurozone-wide figures published later this morning showed prices fell by 0.6% in the year to January, worse than the 0.5% slide that had been expected and the lowest since July 2009. It fol...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot