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Inflation in the Eurozone decreased slightly to 2.5% in June 2024, down from 2.6% in May, aligning with market expectations. The slower rise in prices was noted in food, alcohol, and tobacco (2.5% from 2.6%) and energy (0.2% from 0.3%). Inflation for non-energy industrial goods stayed steady at 0.7%, and services held at 4.1%. The CPI increased by 0.2% month-on-month, the same as in May. However, core inflation, which excludes volatile items like energy and food, remained unexpectedly stable at 2.9%, against the anticipated 2.8%. Germany, France, and Spain all saw slight reductions in inflation rates.
Europe's economy struggles with high rates, needing lower costs to avoid a potential collapse. The entire ideological fanatical net zero policy of the Europeans hinges on further lowering the cost of capital. The fact that the Federal Reserve continues to keep interest rates up and doesn't seem to budge is driving the Euro socialists further and further into a corner as the whole esg madness and financialization becomes more and more feasible. With the interest rate spread widening, the threat of capital flight from Europe to America looms ever larger on the horizon.
Comparing this Eurozone inflation to India's, anyone can get shocked.
India's is 6.5 and while it's just 2.5 in Europe! No odus complaining here though.
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11 sats \ 1 reply \ @TomK OP 2 Jul
of course not. You also have gigantic economic growth and a lasting upswing. Everything is going down the drain here
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I view it as a false hope for Indians because of one thing that government isn't trying to raise the poor and the middle class and the gap is widening too much.
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How does it ease? They are feeling the pressure of debt and slow economy and nothing is working for industries there. Maybe these are temporary stats. Soon they will again see a rise.
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Less demand... if people start reducing their consumption fot real the commie state will have a problem, too.
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Is it the calm before the storm?
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I don't know, I can also well imagine a deflationary shock across the asset markets if the economy takes a severe hit
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What scam infomation. they are centralized data center . Do I dont trust anything they say !
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Yes I know. but we have to live with the data these clowns present to us. that is, we can only interpret them over time and their rates of change
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