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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of jobs
(RTTNews) - Thursday, Ireland's Central Statistics Office announced that the consumer price index or CPI dropped 3.2% year-on-year in February, compared to the 3.9% fall in the previous month. A year ago, the CPI was down 1.7%.
Food and non-alcoholic beverages prices fell 8% on an annual basis in February, while clothing and footwear prices slipped 11.4%. Transport charges were up 3.9%.
On a monthly basis, the CPI was up 0.4% in February, after falling 0.6% in December.
The harmonized index of consumer prices or HICP fell 2.4% on annual basis in February, same as in the previous month. Month-on-month, the HICP rose 0.2% in February, compared to the 0.7% fall in the previous month.
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