Sunday, 17 November 2013 - 18:36
Deflation fears spread beyond eurozone
Fears of a deflationary spiral pushed the European Central Bank to cut its interest rate to a record low early this month, but falling prices are also affecting countries outside the eurozone.
Eastern Europe, and Sweden and Britain as well, have all posted surprisingly weak inflation numbers for October, indicating a trend of slower increases in prices, if not outright drops, across the European continent.
But analysts believe the dangers of deflation in these regions are more remote than for countries using the euro.