GMtoday.com
 LATEST NEWS
 Top Stories
 U.S.
  Severe Weather
  Bird Flu
 World
  Castro
  Mideast Crisis
  Iraq
 Business
 Personal Finance
 Technology
 Sports
  Sports Columns
  NASCAR
  Baseball
  College Hoops
  NBA
  NHL
  Tennis
  Golf
 Entertainment
 Health
 Science
 Politics
 Washington
 Offbeat
 Podcasts
 Blogs
 Weather
 Raw News
 NEWS SEARCH
 
 Archive Search
 SPECIAL SECTIONS
 Multimedia Gallery
 AP Video Network
 Today
 in History
 Corrections
Apr 11, 5:31 AM EDT

Spain's deflation not as great as first thought

AP Photo
AP Photo/Paul White
World Video

Photo Gallery
Plane crash in Madrid
Latest News
2 die, 3 missing as Spanish fishing boat capsizes

Spain's deflation not as great as first thought

Spring surge: Africans risk lives to reach Europe

Spanish Parliament rejects Catalonia bid

Spain smashes Iran missile material export plan

Buy AP Photo Reprints
Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

MADRID (AP) -- Spain's statistics office says prices were 0.1 percent lower in March than the year before, slightly less than the previous estimate of 0.2 percent.

The figures released Friday by the National Statistics Institute may ease concerns that the country will suffer a prolonged bout of deflation, or falling prices. Deflation can weigh on growth by prompting consumers to delay purchases and businesses to refrain from investing.

Though price pressures are muted across the 18-country eurozone, they are still rising, albeit at only 0.5 percent in the year to April.

The European Central Bank is keeping a close watch on developments and may enact further stimulus measures if deflation across the eurozone becomes a real probability. Its target is to have inflation just below 2 percent across the eurozone.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.