In a deviation from forecasts, the Euroraum inflation rate experienced a more significant decline than anticipated in November. Eurostat's latest data indicates a 0.5% monthly decrease in consumer prices, resulting in a 2.4% year-over-year figure, challenging the predicted 2.8%. This unexpected economic development prompts a reevaluation of inflationary trends in the Eurozone. Rumors of an earlier pivot of the ECB are popping up...
224 sats \ 1 reply \ @siggy47 30 Nov 2023
Even over here there's already talk of an EU rate cut.
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420 sats \ 0 replies \ @TomK OP 30 Nov 2023
No wonder if You hear the banks begging for it
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25 sats \ 1 reply \ @xz 30 Nov 2023
"If the price of a packet of biscuits stays at EUR 1.20 but its size is reduced from 300g to 250g, this is treated as a change in quality: the price index should show an increase as there are fewer biscuits in the packet but the amount paid for the packet is the same."
I'm dubious.
ec.europa.eu/eurostat/statistics-explained
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0 sats \ 0 replies \ @TomK OP 30 Nov 2023
You're doubting the gods? That's a sin!
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