Consumer Prices Drop In Eurozone, Causing Worries

03:43

February 29, 2016

European Central Bank President Mario Draghi attends a European Union (EU) heads of state dinner during an EU summit in Brussels on February 19, 2016.
EU leaders on February 19 agreed on a deal on British Prime Minister David Cameron's controversial reform demands to keep his country in the EU, Lithuania's president said. The agreement comes after two days and nights of haggling with European leaders at a Brussels summit. / AFP / POOL / Martin Meissner (Photo credit should read MARTIN MEISSNER/AFP/Getty Images) — European Central Bank President Mario Draghi attends a European Union (EU) heads of state dinner during an EU summit in Brussels on February 19, 2016. EU leaders on February 19 agreed on a deal on British Prime Minister David Cameron's controversial reform demands to keep his country in the EU, Lithuania's president said. The agreement comes after two days and nights of haggling with European leaders at a Brussels summit. / AFP / POOL / Martin Meissner (Photo credit should read MARTIN MEISSNER/AFP/Getty Images)

The eurozone is experiencing deflation as consumer prices there dropped 0.2 percent in February compared to the same period last year. The drop raises concerns over policies at the European Central Bank, which has been trying to keep prices up.

Here & Now host Jeremy Hobson speaks with Jill Schlesinger, business analyst with CBS News, about what caused the drop, and what it means for Europe and the rest of the world.

Guest

Jill Schlesinger, business analyst with CBS News and host of “Jill on Money.” She tweets @jillonmoney.

This segment aired on February 29, 2016.