Europe’s Energy Crisis: End in sight or far from over?
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How Does Falling Gas Prices Affect Inflation in Europe?
Even with the sharp decline in natural gas prices in Europe, we've still seen your area inflation surprising to the upside. Beijing is running around 10%, and almost half of that is due to high energy prices. And so as you said, still very high inflation Europeans are still facing storing natural gas and power bills relative to what they're used to. So how does that affect disposable income from the consumer and the broader economy? It implies a big hit to consumer incomes.
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