- Germany’s flash July 2021 inflation estimate came in hot yesterday, boosted mostly by comparisons to July 2020’s VAT-free situation.
- Despite Deutschland’s oversized contribution and influence, Eurostat reports today how for Europe as a whole there was a whole lot of little inflation in July.
- The near entirety of the global economy is in truly poor shape, a fact that is – for Americans – obscured by their own CPI’s and each’s narrowly-driven results drawn from the narrowness of the goods sector.
For further details see:
Diverging Inflation Numbers, For How Much Longer?