Inflation in the euro reached a record level.

Inflation in the euro-up to March was 0.6 percent in annual terms. This is stated in the preliminary report of the agency Eurostat. The figure became a new record - that low inflation was not an all-time after the introduction of the euro, said AFP. At the end of February, prices rose by 1.2 percent.
The highest rate of growth of prices in the euro zone were recorded in June and July 2008, when inflation stood at four percent. After that figure fell because of the global financial crisis, which reduced demand for many types of products. Consequently, the producers had to reduce prices to interest consumers.
Earlier, several countries have reported on the eurozone inflation rate for March 2009. It was found that in some economies recorded deflation, is considered one of the signs of a recession. For example, in Spain, deflation was 0.1 percent. Annual decline in prices in the country has not been since at least 1961, when the local Bureau of Statistics started to count on inflation.
Many eurozone has suffered from the global financial crisis, because of what had to take the crisis program, which led to an increase in deficits in local budgets. However, multibillion spending has not led to higher prices for goods.