“The euro area annual inflation rate was 2% in October 2024, up from 1.7% in September. A year earlier, the rate was 2.9%, according to data published by Eurostat, the statistical office of the European Union. Meanwhile, European Union annual #inflation was 2.3% in October, up from 2.1% in September this year. A year earlier, the rate was 3.6%.” via Euro News, 19 Nov 2024

Why do inflation statistics in the fiat world resemble proclamations from the communist GDR Politburo celebrating the remarkable successes of central planning commissars?

(Picture below: German Curry Wurst in 1991: 3,50 DM; Euro D-Mark rate at 1,95583) Boah Ey!

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