Consumers And Luxury Retail Economy In Bavaria's Largest City [Getty Images]

Pedestrians pass a Burberry Group Plc luxury goods store in Munich, Germany, on Monday, Feb. 6, 2017. Even with consumer-price growth accelerating to 1.8 percent -- a rate not recorded since early 2013 -- European Central Bank president Mario Draghi can insist that unprecedented stimulus is necessary to put the recovery on a more solid footing and stoke underlying price pressures that continue to be muted. Photographer: Krisztian Bocsi/Bloomberg via Getty Images

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