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Europe’s statistical agency, Eurostat, reported today that its preliminary inflation estimates released earlier for the month of July 2021 had come out correct. Those first guesses had put the year-over-year change in the overall HICP at 2.2% and its core rate one of the lowest at 0.7%. By sharp contrast, the monthly changes in the US CPI (and PCE Deflator) over the past few months have been among the highest since the eighties.
...read full article on Seeking Alpha
