EUROZONE CPI MOM Deflationary
412 sats \ 6 comments \ @TomK 19 Dec 2023 econ
In a landscape driven by economic precision, EUROZONE CPI MOM Final Actual at -0.6% diverges from the projected -0.5%, signaling noteworthy changes. YoY it stayed at 2.4%.
If this deflationary trend doesn't reverse soon the ECB has a problem (the whole banking sector will suffer). They need to pump even harder...
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10 sats \ 3 replies \ @Undisciplined 19 Dec 2023
You're all using the same currency, so monetary inflation must be pretty similar across countries. Given that, it's pretty wild how wide the differences are in cost of living trends.
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299 sats \ 2 replies \ @TomK OP 19 Dec 2023
I think as of immense differences of regional productivity it differs.
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0 sats \ 1 reply \ @Undisciplined 19 Dec 2023
So, are the higher price inflation countries also higher in productivity growth.
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299 sats \ 0 replies \ @TomK OP 19 Dec 2023
Some of them are not members of the Eurozone (title is misleading a bit). But yes, they were growing faster
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10 sats \ 1 reply \ @shado_op 19 Dec 2023
Hard to reconcile this data with the recent ECB line on holding up interest rates...
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0 sats \ 0 replies \ @TomK OP 19 Dec 2023
The ECB is doing YCC and has been raising rates like a schizophrenic.
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