Price Rises in Germany Not Causing a Surge in Retail Sales

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Price Rises in Germany Not Causing a Surge in Retail Sales

Import prices in Germany jumped by 4.3% in August, dashing hopes of waning inflationary pressures. The year-on-year growth rate has accelerated from 28.9% to 32.7%, marking a new record since 1974 - another consequence of the single currency's weakness. Retail sales for the same month declined by 1.3% m/m and 4.3% y/y on an inflation-adjusted […]

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