German consumer prices climbed at an annual rate of 0.7 percent compared to a rate of 0.4 percent in August.
Somehow, mild accelerating price inflation is viewed among mainstream economists and the news media as a positive.
The climb was "an encouraging sign for the European Central Bank that its ultra-loose monetary policy is working."Economic theory that holds consumers facing climbing prices is a good thing is positively bizarre, but it is a view that currently infects leadership at most central banks, with the possible exception of Elvira Nabiullina, Governor of the Bank of Russia.
Wait until the inflation really takes off, and it will.