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News Link • Economy - International

Eurostat Fabricates European Inflation Data, Apologizes

•, by Tyler Durden

When it comes to openly fabricating data, 2014 was bad for goalseeked data quality control: first it was the ISM's infamous climategate, where for some reason everyone in the organization missed that the June press release contained a wrong seasonal adjustment factor (why one seasonally adjusts a survey is still clear to nobody), and then even more comically, after releasing absolutely terrible jobs data in August, Canada laughably revised it to far above the highest estimate, in the process confirming that both ISM and Canadian jobs data is absolute rubbish and is made up on the fly to satisfy ministry of truth mandates.

Now we can add European inflation data, because apparently this morning's Eurostat release, which showed the lowest headline inflation since 2009 and the lowest core inflation ever was not precleared by Europe ex-Goldmanite money printer, Mario Draghi, and as a result this...

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