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This makes sense. It has been one years since the war started which was the leading cause of inflation. Now with the first year passed, we compare today’s pric
by baxtr 4y ago
This makes sense. It has been one years since the war started which was the leading cause of inflation.
Now with the first year passed, we compare today’s prices to after war prices a year ago, which were already high.
I’m expecting the rate go down further the next months.
EDIT: of course I’m not suggesting inflation started on the day bullets started flying. Things were heating up before with Russia slowing down exports strategically well ahead of time and tensions were on the rise for some time.
- bboygravity 4y agoThat reasoning makes no sense at all to me: interest rates are about to be lowered again, to save the banking system again. By flooding it with new money from the FED. Again. How is that going to make inflation go down? You ain't seen nothing yet. Hyperinflation is coming.
- lend000 4y ago> the war started which was the leading cause of inflation. Inflation was 7.5% and trending upwards a month before the invasion, so your supposition is incorrect [0]. [0] https://www.bls.gov/regions/mid-atlantic/data/consumerpriceindexhistorical_us_table.htm https://www.bls.gov/regions/mid-atlantic/data/consumerpricei...
- theRealMe 4y agoInflation was here before the war started. Inflation hit 5.0% in May of 2021. It was already 7.9% in Feb of 2022 when the war started.
- spaceman_2020 4y agoWell, that certainly hasn't reflected in the UK's inflation rates. Up to 10.4% this month.
- modo_mario 4y agoThe war is a factor but a lot smaller than people seem to think it is. I think it was the OECD showing a larger part in the UK, France and such is demand driven, monetary policy and such with supply chain issues also being a factor but faaar from entirely something we can chalk up to the war. Keep in mind Europe is more affected by the war's disruption, energy issues, etc