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  • In September 2024, French consumer prices increased by 1.2% year on year

    From insee.fr

    Over a year, the Consumer Price Index (CPI) should rise by 1.2% in September 2024, after +1.8% in August, according to the provisional estimate made at the end of the month. This sharp decrease in inflation should be firstly explained by a fall in the prices of energy particularly in those of petroleum products. The prices of services should slow over a year and those of manufactured products should fall at a slightly faster rate than in the previous month. The prices of food and tobacco should rise at the same rate as in the previous month. Over a month, consumer prices are expected to fall by 1.2% in September 2024 ... (full story)

Central banks have started cutting rates, but this kind of drop in inflation is definitely alarm going off. Economy is collapsing at the pace not seen before. It'll take some time before the money gets to the economy again...

I have no doubt in my mind that we will have a recession officially recognized after US selections.
Quoting Silver-King
Central banks have started cutting rates, but this kind of drop in inflation is definitely alarm going off. Economy is collapsing at the pace not seen before. It'll take some time before the money gets to the economy again... I have no doubt in my mind that we will have a recession officially recognized after US selections.
Agreed and Lagarde still sitting being data dependent. Lots of more cuts incoming - or should be at least - to save the EU economy from collapsing.
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