31.   The Bank of Spain has been lowering its official interest rates as inflation has fallen since November.

32.   The Bank of Spain has been lowering its official interest rates as inflation has fallen.

33.   The Bundesbank has repeatedly said it needs evidence that inflation is falling before considering a change in monetary policy.

34.   The Federal Reserve raised rates repeatedly last year even as inflation was falling.

35.   When inflation is falling, the best place to be is in the security with the longest term.

36.   Yet inflation fell to zero, and the left-led government surprised skeptics by keeping a check on state spending.

37.   Analysts expect inflation to fall further in the coming months, as seasonal effects bring agricultural prices down.

38.   In recent months, however, inflation has fallen and government officials predict sharp declines by the end of the year.

39.   In recent months, inflation has fallen and government officials predict sharp declines by the end of the year.

40.   Inflation even fell slightly when volatile energy and food prices are stripped out.