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Thanksgiving special: higher turkey prices? Watch out for labor shortages. The consumer price index for poultry increased by +7% y/y in October while producer prices for turkeys decreased by almost -40%.
Residential construction is stumbling but still standing.As higher interest rates drive up mortgage costs,house prices have decreased significantly in Germany (close to -10% in Q2 2023) and decelerated in most other European countries and in the US.