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If housing is truly only up 2%, it probably makes up 25%+ of the basket. If Food is only up 8% - it's not too hard to imagine how you could get a 7% number...
by onlyrealcuzzo 4y ago
If housing is truly only up 2%, it probably makes up 25%+ of the basket.
If Food is only up 8% - it's not too hard to imagine how you could get a 7% number...
Electricity and fuel don't make up a huge portion of the average consumer's total basket of spending.
- piva00 4y agoGroceries are pretty expensive in Sweden, just came back from the shop and spent the equivalent of 20€ and got: 500g of coffee, 12 eggs, 2L of oat milk and bread.
- turbinerneiter 4y agoAnd how much of your total spending is that? My monthly income goes to (very roughly estimated): * 35% rent * 10% groceries * 10% other stuff (energy, internet, subscriptions) * 10% mobility * 35% savings My rent didn't go up. Not sure if savings are part of inflation (how do you measure inflation for ETFs?). So only 30% of my income is affected by inflation, which is less than half of my spending. Your personal inflation rate will mostly depend on if you live in a new or an old building (e.g. my heating costs are tiny because the building is new) and if you have a car (I only have a motorcycle and I take the bike to work). If you live in an old house and have to drive a fuel-inefficient car to work every day, you are screwed. I think the current inflation is mostly about energy prices and only very little about money supply.