Eurozone falls into deflation for first time since October 2009

"Prices in the eurozone are falling for the first time in more than five years, strengthening the case for the European Central
Bank to unveil a full-scale package of government bond purchases later this month, despite Germany’s disapproval.
The collapse in the cost of oil dragged eurozone consumer prices down 0.2 per cent in the year to December 2014, Eurostat,
the commission’s statistics bureau, said on Wednesday. The figure was slightly worse than the 0.1 per cent decline that economists had expected."

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