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The graph looks really odd to me too. Even allowing for an uneven distribution of inflation rates, The 'Eurozone average' is way down near the bottom, suggesti
by Normille 4y ago
The graph looks really odd to me too. Even allowing for an uneven distribution of inflation rates, The 'Eurozone average' is way down near the bottom, suggesting most countries have above average inflation --which seems a bit like the old oxymoron "80% of motorists consider themselves to be above average drivers"
- pavlov 4y agoThe eurozone includes many small countries which also tend to have higher inflation than the big countries. If average inflation is calculated over the whole population, it’s going to be heavily weighted towards the handful of big countries, and so it indeed makes sense that the majority of countries would have higher than average inflation.
- em500 4y agoIt's weighted by size of the Eurozone countries household expenditure (which is close to GDP), so basically the only ones that matter are Germany, France, Italy and Spain.