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German Inflation Tumbles To Lowest Since October 2009
With regional CPIs cliff-diving in December relative to November, it is not entirely surprising that broad Consumer Price Inflation for Germany as a whole just printed at a mere +0.2% YoY (missing expectations of +0.3%) - the lowest since October 2009 and was unchanged MoM. The initial reaction in DAX was a modest rise as if the EU's strongest core economy is nearing outright deflation, markets will price-in even more likelihood to the ECB's sovereign QE any minute now. Of course, in the eyes of the Fed this is all transitory and energy-driven but stocks hope that Draghi ignores that.
Regional CPIs for Germnay dropped a big hint...
as broad CPI drops to its lowest rate since oct 2009...
Chart: Bloomb erg
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even the made up numbers aren't so shiney anymore....
ctl prt time in 3, 2, 1 ...
Good. I'd rather have this than inflation. Although I would appreciate MOAR deflation. Cheaper stuff is always excellent.
what makes you think that the CPI numbers of let's say the German State of Hessen are made up? just wondering
Betcha he cannot find Hessen on a map without looking-up where it is.
it should be easy, it's the one with the (new) tower of Sauron, in the blasted lands of Mordor under the watchful eye of the EUR sign. (mad laughter)
how is your price basket going, Young Frodo? you don't buy only gold, I suppose. do you feel those CPI numbers are fake? oh, I see you already answered
I don't know if they are fake like they are in the USSA.
I own a few different assets in a couple classes. Not a lot -- but enough to get me through any tough spot that I could find myself in.
that's the spirit. I mean your shopping basket. though I can imagine your gf makes your shopping. thrifty gals, those eastern Germans. they can moan for weeks because of an increase of one Pfennig on washing powder
As long as she has plenty of shoes and purses -- she is ok.
They need to start a war against bankers.
I have that, but very few people join me. perhaps because I make a difference between banksters, bankers, central banksters and central bankers
I've found that my approach is too complex for some. a pity
Yeah, like gangs and gangsters.
Or is that gang(bang)ers and gangsters?
Anyways, my mommy taught me that not only does the apple not fall far, it also doesn't belie its kin.
NRW is the real coal mine canary.
I wonder why you think that. that's the state that is on a war path against it's rich tax-avoiders, and loves to send agents to buy CDs with their names and Swiss bank accounts, isn't it?
With the SPD in charge, you betcha, but NRW is highest population, highest foreign investment, an historically large manufacturing base and a big chunk of the service industry.
Singapore manufacturing PMI went into contraction.
but less consumer inflation ia a good sign . isn't it ?
raise everyones wages, you will get your inflation, banker scum!
Europe is in a deflationary spiral that is now visible to everyone. Russian sanctions have just added to their problems. Denial is no longer an option...
http://www.globaldeflationnews.com/european-union-continues-to-suffer-fr...
Boy, Merkel went along with sanctions on Russia (Germany's fastest-growing export market) just in time. Whew!