Eurostat 30, published preliminary data show that the euro area inflation rate for the month of June annualised negative 0.1%, for 10 years for the first time a negative value, create relevant statistics began in 1996, the lowest since.
Subject to the international market of oil and other commodity prices sharply and the economic situation deteriorated significantly, the euro area inflation rate last year reached 4 per cent of the highest in history, in recent months sharply lower for the first time in May this year dropped to zero.
According to the European Central Bank is expected in early June, the euro area inflation rate further to go down, and over the next few months at the end of this year, the negative and positive values back. However, the ECB President Trichet has said that, although the euro area inflation rate will be negative, but the euro area into a deflationary risks, it is expected that the euro area long-term price levels will remain stable.
As the macro-economic objective, the ECB would like to euro area inflation rate control close to but below 2%.
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