The consumer price index in the euro area showed the biggest fall since 2009. Thus, deflation has risen to 0.6% in January, against the expected 0.5% and the previous 0.2%. Core inflation, which excludes energy, food, alcohol, tobacco decreased to 0.5%, which is 0.2% less than in December. The greatest pressure had a fall in energy prices. Earlier, the ECB declared the launch of a program of quantitative easing to stimulate the growth of inflation and the economy of the region. So, since March will be held buying assets by 60 billion euros per month. We forecast falling of the price of euro in the medium and long term and expect reaching parity between the European and American currencies.