Part 11/13:
Inflation in Germany and other parts of Europe has picked up, primarily driven by food and energy prices, which eaten into consumers’ pockets despite central banks' attempts at control. In contrast, the U.S. shows a significant decline in headline inflation, possibly hinting at deflationary pressures ahead. The speaker opines that central banks' efforts to control CPI through interest rate hikes are ultimately limited, especially regarding volatile energy and food costs.