Economy 52,861 Posted October 31, 2022 Share Posted October 31, 2022 https://www.ctvnews.ca/business/inflation-hits-new-record-in-europe-slowing-economy-1.6131955 Europe's latest inflation rate reading hit a new high of 10.7% vs 9.9% last month The EU also posted a slowing economy. The Central Bank also just recently raised interest rates by 0.75% to try to contain inflation Link to post Share on other sites More sharing options...
Tinnitus15 51,886 Posted October 31, 2022 Share Posted October 31, 2022 I was so shocked to finally witness it. Literally here a large milk is 3.4€, meanwhile before Covid and so on it was like 1,40-1,50 food is super expensive now. For my country’s standards Link to post Share on other sites More sharing options...
TaylorSwift 162,489 Posted October 31, 2022 Share Posted October 31, 2022 we have almost 18% https://store.taylorswift.com Link to post Share on other sites More sharing options...
Economy 52,861 Posted October 31, 2022 Author Share Posted October 31, 2022 39 minutes ago, Tinnitus15 said: I was so shocked to finally witness it. Literally here a large milk is 3.4€, meanwhile before Covid and so on it was like 1,40-1,50 food is super expensive now. For my country’s standards I remember making a thread back in 2021 asking if ppl were concerned about the prospect of Inflation and almost everyone said no like I was crazy But yeah it's not pleasent at all. I do not like my grocery bills and cost to fill up my car Still I will try not to complain because ATM I'm not in a tough situation like many people, I had to move back to my parents cuz my apartment had a mould issue so for the moment I'm comfortable enough. Link to post Share on other sites More sharing options...
Economy 52,861 Posted October 31, 2022 Author Share Posted October 31, 2022 35 minutes ago, Teletubby said: we have almost 18% Netherlands? Link to post Share on other sites More sharing options...
Tinnitus15 51,886 Posted October 31, 2022 Share Posted October 31, 2022 6 minutes ago, Economy said: But yeah it's not pleasent at all. I do not like my grocery bills and cost to fill up my car Yeah here it’s soo bad with the fuel economy. The government started a national discount programme for people who don’t have enough resources to fill up their cars. Link to post Share on other sites More sharing options...
Economy 52,861 Posted October 31, 2022 Author Share Posted October 31, 2022 1 minute ago, Tinnitus15 said: Yeah here it’s soo bad with the fuel economy. The government started a national discount programme for people who don’t have enough resources to fill up their cars. Where is that? Here there will never be such program We did double GST credits this year for low incomes tho and increased retirement OAS benefits for those over 75 Link to post Share on other sites More sharing options...
Lucas 31,135 Posted October 31, 2022 Share Posted October 31, 2022 That's just so sad. I live in the richest city in Europe (gdp per capita) and I will not even be able to pay for heater this winter... "Luckily" it's 23°C (74°F) at the end of october... Link to post Share on other sites More sharing options...
Guest Posted October 31, 2022 Share Posted October 31, 2022 Poland 17.9% A few years ago, we bought many food products for PLN 100. Now, for the same amount, we have half as much products. Link to post Share on other sites More sharing options...
Tinnitus15 51,886 Posted November 1, 2022 Share Posted November 1, 2022 12 hours ago, Economy said: Where is that? Here there will never be such program We did double GST credits this year for low incomes tho and increased retirement OAS benefits for those over 75 Bulgaria Link to post Share on other sites More sharing options...
palma 8,909 Posted November 1, 2022 Share Posted November 1, 2022 14 hours ago, Economy said: https://www.ctvnews.ca/business/inflation-hits-new-record-in-europe-slowing-economy-1.6131955 Europe's latest inflation rate reading hit a new high of 10.7% vs 9.9% last month The EU also posted a slowing economy. The Central Bank also just recently raised interest rates by 0.75% to try to contain inflation Meanwhile my country has like 170% inflation and the Central Bank lowers the interest rate on a steady basis for the last two years as our president believes it causes inflation - he declared himself an economist and all. Sorry for the news guys it just made me cackle at the situation I'm living in Is there some reason my LG7 isn't here? Has she died or something? Link to post Share on other sites More sharing options...
OMF 3,663 Posted November 1, 2022 Share Posted November 1, 2022 15 hours ago, Tinnitus15 said: I was so shocked to finally witness it. Literally here a large milk is 3.4€, meanwhile before Covid and so on it was like 1,40-1,50 food is super expensive now. For my country’s standards O wow. Which is your country? Link to post Share on other sites More sharing options...
Tinnitus15 51,886 Posted November 1, 2022 Share Posted November 1, 2022 1 hour ago, Aussie said: O wow. Which is your country? Bulgaria Link to post Share on other sites More sharing options...
Economy 52,861 Posted November 1, 2022 Author Share Posted November 1, 2022 3 hours ago, palma said: Meanwhile my country has like 170% inflation and the Central Bank lowers the interest rate on a steady basis for the last two years as our president believes it causes inflation - he declared himself an economist and all. Sorry for the news guys it just made me cackle at the situation I'm living in What kind of idiot? If he doesn't understand that most basic thing he's no economist Although politicians wanting lower rates is not unusual. It stimulates growth in the short term which is good politically for them Also the typical person doesn't understand the need to raise rates when there's an inflation problem because they only thing they understand is the pain they feel from rising rates at the time which makes them want to demand lower rates Just look at the US and Canada for example. Politicians are criticizing rising rates as is much of the population Link to post Share on other sites More sharing options...
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