German inflation rate dips to lowest level in more than three years
German inflation rate dips to lowest level in more than three years
The news raises hopes for another rate cut from the European Central Bank, with the policy committee set to meet this Thursday.
Price for arbitrary good x ("agx") three years ago: 10 currency
Agx price two years ago: 20 currency
Agx price one year ago: 30 currency
Agx price now: 35 currency
What good news 🥰
x3.5 in 3 years?
Where is this? Turkey? Venezuela? Zimbabwe?
By the way: 2% is the goal inflation. That's what many countries in the EU target.
You don't understand inflation, do you?
The slowest loss of buying power in the last three years means very little when it was preceded by absurd inflation since around the covid lockdowns, is my point. Yes it is good news, but often deceiving good news. People dont have more money, their money is just worth slightly more for a slightly longer period of time.