Update: Germany slips into deflation as eurozone figures worsen

Germany has fallen in to deflation for the first time in more than five years, with eurozone figures falling to the equal lowest level on record.

Inflation fell below zero for the first time since October 2009, according to preliminary estimates from statistics agency Destatis, as prices dropped by 0.3% in the year to January. Analysts had expected deflation - but not at this pace, according to the Telegraph. A poll suggested that prices would fall by 0.2% in the period. Final results for January will be published on 12 February. Separate eurozone-wide figures published later this morning showed prices fell by 0.6% in the year to January, worse than the 0.5% slide that had been expected and the lowest since July 2009. It fol...