Inflation in The Eurozone Fell to 0.3 percent in September, Could Slip Back Into Recession

Bad data from Eurozone, Inflation in the eurozone fell to 0.3 percent in September, the lowest for nearly five years, official figures showed Tuesday, signalling that the European Central Bank may have to go even further to avert the threat of deflation.

Meanwhile Eurozone unemployment remained steady at a near-record 11.5 percent in August, unchanged from July, "September's fall in euro-zone inflation to a whisker above zero and August's weak labour market data will add to the pressure on the ECB in the run-up to its meeting this Thursday," said Jennifer McKeown, Senior European Economist at Capital Econics in London.

Yeahh the fact is the Inflation has become a central problem for the eurozone economy, with sluggish demand from households and businesses keeping prices low and raising fears that the already sluggish economy could slip back into recession.

Source: business insider