European Service Prices Plunge at Steepest Rate Since January 2010; Reflections on Keynesian Stupidity
MishTalk
OCTOBER 23, 2014
Average prices charged for goods and services showed the largest monthly fall since February 2010, having now fallen almost continually for just over two-and-a-half years. Price cuts occurred despite overall input costs rising in October, pointing to a further squeeze on operating margins.
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