Deflation Overtakes Spain

The spotlight is now on Spain where the economy remains fragile, and weak consumer demand has put downward pressure on prices. In March, the nation slipped into deflation.

A March 28 Marketwatch article provides the details. Here' an excerpt:

Consumer prices in Spain fell in March as prices for food and nonalcoholic beverages and organized travel declined, official data showed Friday.
In its preliminary estimate for March, the National Statistics Institute, known as INE, said Spain's European Union-harmonized consumer-price index dropped 0.2% compared with the same month last year, down from February's increase of 0.1% on the year.
According to Spain's own measure, prices fell 0.2% on the year in March and stayed flat in February.

You can read the entire article by following the link below.