Well that happened fast… It has been so ingrained in us that inflation is the root of all evil and that central banks will do as much as they can to keep it from overgrowing, and yet, we wake up today with significantly cooler prices for the month in Australia (4.9% CPI vs. 5.2% expected), in Spain (3.2% against consensus rise to 3.7%), the UK November BRC shop price index falling to 4.3% from 5.2% in Oct, and most exciting Germany (CPI drops from 3.0% to 2.3% in Nov, vs 2.6% exp and some regio…
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