Europe’s Caveat-Laden Inflation Drop Eyed Warily

Allahu Akbar! Inflation in Europe receded more than expected in December, data out Friday showed. At 9.2%, headline price growth was the slowest since August. The flash estimate for last month came in well below the 9.5% consensus expected and marked the first single-digit print since September. The data came on the heels of ostensibly encouraging figures out of Germany