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  • German inflation comes down as government measures bite

    From think.ing.com

    German headline inflation has dropped for the first time since January. However, this is not yet the end of surging inflation rates but rather a good example that it is currently governments, not central banks, that can stop inflation. According to a first estimate based on the regional inflation data, German headline inflation came in at 7.6% year-on-year in June, up from 7.9% YoY in May. The HICP measure came in at 8.2% YoY, from 8.7% in May. Don’t be mistaken, this is not the start of the end but rather a government-induced temporary relief. Judging from the available regional inflation components, the drop in ... (full story)

I noticed this bit;
To some extent, today’s German inflation data also sends an important message: it is currently not central banks but governments that can effectively bring down inflation."
I Doubt if Boris Johnson will take the hint.
Most unlikely.
But buy the Dax maybe?
every Saint has a past. Every Sinner has a Future
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