Prices slow decline

Prices in the eurozone countries are slow decline in August, a sign that the hardest part of the recession, perhaps, passed, said the EU statistical agency - Eurostat. Inflation in the 16 countries that use the euro remained negative for the third consecutive month as the prices in August fell 0.2 percent, in contrast to julskih 0.7 percent. Lower prices for energy and long goods have led to the reduction of inflation

last summer, when oil reached a record level. Annual inflation in July dropped to about minus 1 percent, as found at zero in May. European Central Bank said that the disinflation short-lived and not the beginning of deflation - a general fall in prices, which hurts the economy, reducing demand, pogoršavajući debt and leading to loss of jobs, which happened thirties 20th century.