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  • German inflation rate at +1.9% in August 2024

    From destatis.de

    The inflation rate in Germany, measured as the year-on-year change in the consumer price index (CPI), stood at +1.9% in August 2024. The last time inflation was below two percent was just over three years ago (March 2021: +1.8%). The rate of change was +2.3% in July 2024 and +2.2% in June 2024. "Falling energy prices slowed inflation more significantly in August than in the previous months. On the other hand, price increases for services, which are still above average, drove inflation up," says Ruth Brand, President of the Federal Statistical Office (Destatis). Compared with July 2024, consumer prices were down 0.1% ... (full story)

The magic 2%! Only if it were not purely arbitrary, pulled out of thin air, as it could be 1% to 3% just as well.
It is like the reservoir levels (water reservoirs). Does anybody remember the daily reporting of water reservoir levels some 30 years ago during a temporary drought?

This is the "same difference."
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The magic 2%! Only if it were not purely arbitrary, pulled out of thin air, as it could be 1% to 3% just as well. It is like the reservoir levels (water reservoirs). Does anybody remember the daily reporting of water reservoir levels some 30 years ago during a temporary drought? This is the "same difference."
Actually greatest analogy ive read in a long time
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