Deflation mindset haunts Europe?.

CPI annual inflation – the UK Government’s target measure was -0.1% in April 2015, compared to no change (0.0%) in March 2015. CPIH annual inflation - the measure of consumer price inflation including owner occupiers' housing costs (not a National Statistic), was 0.2% in April 2015, down from 0.3% in March 2015. 

Thus, Britain's annual rate of consumer price inflation fell below zero for the first time since the 1960s.

Euro area annual inflation was 0.0% in April 2015 , up from -0.1% in March. In April 2014 the rate was 0.7%. 

These figures come from Eurostat, the statistical office of the European Union. 

In April 2015, negative annual rates were observed in twelve Member States. 

The lowest annual rates were registered in Greece (-1.8%), 

Cyprus (-1.7%), 

Bulgaria and Poland (both -0.9%). 

The highest annual rates were recorded in Malta (1.4%) and Austria (0.9%).  

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