Prices edge higher amid eurozone deflation fears

Madrid/Palma.—Spain yesterday posted  a sluggish rise in consumer prices in January as the spectre of deflation hung over the eurozone economies.
Consumer prices rose by just 0.3 percent in Spain over the year to January, the National Statistics Institute said.
Low prices can be good news for consumers.
But a broad, sustained decline in prices can lead shoppers and businesses to postpone purchases as they wait for prices to tumble even further.