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Deflation in the euro zone in one chart and one poem

By Sarah Slobin
Published

Deflation stalks the edges of Europe

Prices in Slovakia fell in May, turning


Slovakia, Greece and Cyprus into triplets


A deflationary troika in the euro zone.


The consumer price index dropped 0.8%,


Below the zero line for six seasons now.


In spring when a farmer in the Small Carpathians


Tended to his orchard, cutting stinging nettles from


Sugar beets, making room for branches holding apricots and apples


Did he think in summer’s bloom the price for food would drop?


His cider, dear to make, now sells cheap to bars in Bratislava.

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