Deflation fears grow in Spain

Article reports that Spain’s consumer price index appears to have contracted in March 2009 compared with the same period in 2008, fuelling fears that the recession-hit country could be entering a deflationary cycle.

Spain: National Statistics Office (INE) http://www.ine.es/en/welcome_en.htm

INE: Press Release, 30.3.09: Harmonised Index of Consumer Prices (HICP) flash estimate, March 2009 http://www.ine.es/en/daco/daco42/daco4218/ipce0309_en.pdf

ESO: Background information: Zapatero favours ‘green’ stimulus http://www.europeansources.info/record/zapatero-favours-green-stimulus/

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