What Deflation? CPI Readings Well Above 2.00% In US And Germany

On the following chart, the core PCE is the blue line. Note the steepening slope towards mid-year. This is clearly a trend with some momentum which, if it continues, will take this index from slightly above target to substantially above.......A more surprising above-target reading just came from Germany, which didn’t used to have inflation of any kind. But now it does:





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