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He's not saying energy dominates his budget. He's saying European CPI increases are mostly due to energy prices.
by Gareth321 5y ago
He's not saying energy dominates his budget. He's saying European CPI increases are mostly due to energy prices.
- moonchrome 5y agoWhat I'm saying is that if you're upper middle class income you are probably more concerned about the cost of housing than the cost of energy/food/etc. CPI increases started way before Russia and the energy price instability - the things energy will immediately reflect in will not be a big % of your income so increases aren't that dramatic. If my heating bill goes up 300% that's still going to be less than 2% of my household monthly income and that's during winter when we keep the heating on the entire time.