Europe Risks ‘Deflationary Spiral’ As German Data Raises Alarm

Europe Risks ‘Deflationary Spiral’ As German Data Raises Alarm

If Christine Lagarde and the ECB were already fretting about deflation risks in the months ahead, they're likely a bit more concerned Tuesday, with the caveat that interpreting CPI data is an even more imprecise exercise in the post-pandemic reality than it would be in normal times. Germany, where consumer prices have declined in recent months, reported a preliminary 0.4% YoY decline in the harmonized index on Tuesday. That matches the most pessimistic estimate from 30 economists and is far wor
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