Euro zone inflation drops to lowest since 2009

Euro zone inflation hit its lowest level since November 2009 in March, a shock drop that raises expectations the European Central Bank will take radical action to stop the threat of deflation in the currency bloc. Annual consumer inflation in the 18 countries sharing the euro was 0.5 percent in March, with the pace of price rises cooling from February's 0.7 percent reading, the EU's statistics office Eurostat said on Monday.
Background:
Euro zone inflation drops to lowest since 2009 [Reuters]
Inflation in Euro zone falls to 0.5% [NYT]