Monday, March 30, 2009

SAY HELLO to deflation:
Spanish EU harmonised inflation fell 0.1 percent in March, making Spain the first euro zone member to suffer negative consumer prices during the global crisis, preliminary government data showed on Monday. Analysts polled by Reuters had expected year-on-year inflation of 0.4 percent, compared with 0.7 percent in February, and most had not expected Spanish consumer prices to turn negative until May.