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21 sats \ 2 replies \ @Undisciplined 4 May \ on: Eurozone inflation tops expectations: ECB rate cuts in jeopardy? econ
They're ruling class seems all-in on pretty much anything that will increase costs of living.
That number excludes energy prices, which are always absurd in the EU.
According to preliminary figures released by Eurostat on Friday, consumer prices rose 2.2% year-on-year, unchanged from March but slightly above the 2.1% forecast by economists.
On a monthly basis, inflation accelerated by 0.6% as in March, suggesting that disinflationary momentum may be stalling.
I guess the 2.2% number includes energy prices.
What do you think? This kind of smallups and downs will be the new normal for the next 10 years? Just a slow degrading of people's purchasing power with momentary small improvements, that will be reported with big fanfare as things are getting better again?
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Sounds like it does include both food and energy, so that's less concerning.
You're guess sounds about right as to how this will go. Europe will keep losing ground relative to the rest of the world and watch their standards of living erode. I'm not sure if they have ten more years before things really come to a head, but maybe.
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