Eurozone prices fall: EU data agency
Consumer prices in the 16 euro countries fell in June for the first time on record, official EU figures showed on Wednesday. The European Union's Eurostat data agency said that 12-month inflation in the eurozone fell 0.1 percent, the lowest rate on records going back to 1996 and down from 0.0 percent in May, confirming an estimate from June 30. After hitting a record high point of 4.0 percent in June and July 2008, eurozone inflation has fallen sharply as oil and other commodity prices have collapsed in the face of a dire economic downturn.
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