Eurozone inflation dropped in November to 0.3% across the region, down from 0.4% in October.
The European Central Bank considers anything below 1% to be in its deflation "danger zone". Its target is inflation close to, but below 2% but this was last the case at the beginning of 2013 and has been falling since a 3% peak in late 2011.
The flash estimate, issued by Eurostat, does not provide specific country data.
Low inflation has been blamed for holding back growth as well as consumer spending.
The current low rate has been put down to lower energy prices which fell 2.5% from October. Analysts say that energy prices will continue to fall over the coming months. This will push the inflation rate down, possibly to below zero.
Deflation should result in lower prices, but also less revenue and tax income for businesses and for government.
Comments
Also helping unintentionally prove Napoleon was wrong in calling us British a nation of shopkeepers ... not sure what Hitler called us that was rude but we also stuffed him with our insane love of violence.
Almost all Portuguese economically active, in legal licensed businesses - so contributing to UK wealth. Or studying for globally useful and relevant non-Relvas qualifications.
A few no doubt sponging off Cameron's benefits club - which must be stopped and the offenders shipped home to Portugal.
A complaint regularly aired by the British is - Can anyone find a legal, licensed, British owned and run business in Portugal ? And why so difficult to name even one ?
When there are hundreds of Portuguese businesses in the UK. What is Portugal doing wrong ?
The Somerset Willow Growers would disagree
http://www.willowgrowers.co.uk/
as would the basketmakers association...
http://www.basketassoc.org/index.php
and over in Norfolk they know a thing or two about this noble industry
http://www.norfolkbaskets.co.uk/
;))
It is not and for many EU countries was never intended to be so. Some even teach a 'secret' history that is against other member states - and have no intention of re-working it.
If the EU is running properly - with fully transparent, equal and open access into each others economies at all levels - as the UK allows other EU citizens - then it makes sense for the UK to stay.
At the moment it is a basket case ! And the UK has never been a nation of basket weavers - so why start now ?