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inflation
FRANCE
Consumer prices drop for third successive month
Consumer prices in France dropped in July for the third month running. Officials sought to dispel fears of a deflationary spiral, stressing that the drop reflected seasonal factors.
ECONOMY
Official data shows French consumer prices fell in June
French consumer prices fell by 0.5 percent in June, according to official data released Thursday. This marks a deflationary step for the second month running, but shows a monthly rise of 0.1 percent for the past year.
FRANCE
National electricity provider EDF calls for 20% price hike
French electricity provider EDF says it wants to raise tariffs by 20% to make up for debts in excess of 24.5 billion euros, but it may have a hard time persuading the government to approve the hike.
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ZIMBABWE
Obama unveils $73 million aid package
US President Barack Obama on Friday unveiled a 73-million-dollar aid package to help poverty-stricken Zimbabwe after a meeting with Zimbabwe's Prime Minister Morgan Tsvangirai at the White House.
CHINA
Consumer prices fall for fourth straight month
According to data released on Wednesday, China's consumer prices fell in May for the fourth straight month. The data comes as Beijing tries to increase domestic consumption as its export-dependent economy gets battered by the financial crisis.
ECONOMY
Inflation in France at its lowest level since 1957
French statistics institute INSEE has announced that consumer prices increased by 0.2% in April and rose by only 0.1% on a year-to-year basis. French inflation is now at its lowest level since 1957.
FINANCIAL CRISIS
Chinese consumer prices continue to fall
According to official figures, consumer prices in China continued to fall in April for the third consecutive month. The index is now down 1.5% from a year ago, confirming fears of deflation amid an ongoing downturn.
EUROZONE - RECESSION
Eurozone inflation holds at 0.6 pct, jobless up
Eurozone inflation remained at a record low of 0.6 percent year-on-year in April, a first estimate showed on Thursday, as unemployment continued to climb quickly amid the worst European recession since World War Two.
UK
Inflation turns negative for first time in fifty years
Britain's Retail Prices Index (RPI) inflation rate fell in March by 0.4%. For the first time since March 1960 annual inflation, including house prices, fell bellow zero, according to the Office for National Statistics.
ZIMBABWE
Local currency suspended for one year
Zimbabwe's currency will be "out for at least a year" announced the government on Sunday. Earlier in 2009, Zimbabwe's Reserve Bank announced a new 100 trillion dollar note to keep pace with hyperinflation. Other foreign currencies are now authorised.
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