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Inflation in France turns negative, triggering deflation fears in eurozone

  • Inflation in France turned negative last month for the first time in over five years, raising concerns over eurozone deflation, media reports said. Prices in the second-largest economy of the eurozone fell 0.4% in January compared to the previous year, driven by energy costs that were down 7.1% because of low global oil prices. 

    The European Central Bank had announced a stimulus program last month in an attempt to avoid deflation and boost growth.

    Tagged as: France inflation, French inflation, eurozone deflation, ECB, stimulus program, business news