The cost of living in Italy dropped 0. 6 percent in January compared to the same month in 2014, the biggest single-month drop in more than half a century, a development economists say could erode some of the economic benefits from a weaker European currency.
The recent mumbles by many that "China is exporting deflation" across the world does not conform to fact.
Italy's finance minister said Tuesday he is convinced that compatriot, European Central Bank governor Mario Draghi, will begin taking steps to combat the risk of deflation -- a risky prospect all across the euro-zone but an especially dangerous one in heavily indebted countries like Italy.
The International Monetary Fund (IMF) chief Christine Lagarde on Saturday said that the recovery of the world economy is a consolidation process and people should be aware of the risks.
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