One Chart Shows How The Oil Slump Could Plunge Europe Into Deflation

Europe is already hovering right on the edge of deflation, and a further drop in oil prices would shove the eurozone right over the edge, according to Oxford Economics. The group have used their November prediction for oil prices in 2015 as their baseline, with Brent Crude at $84 per barrel (which already looks too high), and showed what inflation might look like for a bunch of advanced economies at different oil prices. Here's Oxford Economics on what inflation looks like with oil at $70, $60, ...