Eurozone Inflation Prices in the eurozone are falling for the first time in more than five years, strengthening the case for the European Central Bank to unveil a full-scale package of government bond purchases later this month, despite Germany’s disapproval. The collapse in the cost of oil dragged eurozone consumer prices down 0.2 per cent in the year to December 2014, Eurostat, the commission’s statistics bureau, said on Wednesday. The figure was slightly worse than the 0.1 per cent decline that economists had expected. More On this story On this topic IN Europe The last time the currency area was in deflation was October 2009. Prices are expected to drop again in January as more recent falls in crude lower the cost of consumer goods. The latest fall, from a 0.3 per cent increase in November, will bolster calls for more aggressive action from the ECB, where top officials […]