Updated figures show the Eurozone isn't in deflation after all as prices remained unchanged in March

 
Jake Cordell
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New numbers from Eurostat show that prices didn't actually fall in the 12 months to March 2016, as previously thought
New numbers from Eurostat show that prices didn't actually fall in the 12 months to March 2016, as previously thought (Source: Getty)

The Eurozone isn't in deflation after all, official statistics released this morning have shown.

The final estimate for the consumer prices index (CPI) measure of inflation for the single currency bloc, released this morning, came in at zero per cent - meaning prices actually remained unchanged over the last 12 months

Two weeks ago, Eurostat, the EU's official statistics body, said that inflation was running at minus 0.1 per cent - but with fresh data, they've now changed their mind.

The upward revision came off the back of increased spending in restaurants, families booking package holidays and higher housing costs, Eurostat confirmed.

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