The latest data from Statistisches Bundesamt (Destatis) reveals a 2.6% decline in wholesale prices in December 2023 compared to the same month in 2022. This follows a trend, with November 2023 showing a -3.6% change and October 2023 at -4.2%. Deflation on the horizon? Work for the Fiat Clowns of the ECB to do?
0 sats \ 0 replies \ @dgy 15 Jan
I would say that demand for not absolutely necessary products is falling as people have less discretionary money. They have to pay more for rent, electricity, health insurance etc. Next step are business closures and bankruptcies.
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