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Consider the comparison between Norway and Sweden, two extremely similar countries in almost all respects. Food inflation in Sweden is 22.1% over 12-month [0]

by Tryk 4y ago

Consider the comparison between Norway and Sweden, two extremely similar countries in almost all respects. Food inflation in Sweden is 22.1% over 12-month [0] Food inflation in Norway is 8.8% over 12-months [1] Obviously someone is making money hand-over-fist from this 12.7% discrepancy. Comments like the one above are really disruptive to any constructive conversations. It is not a conspiracy. The comment above is (at best) astonishingly naïve. While it is a emotionally plausible argument, we can see it does not hold up if we compare the rates of inflation over similar countries. [0]: https://www.scb.se/en/finding-statistics/statistics-by-subject-area/prices-and-consumption/consumer-price-index/consumer-price-index-cpi/pong/statistical-news/consumer-price-index-cpi-february-2023/ https://www.scb.se/en/finding-statistics/statistics-by-subje... [1]: https://www.ssb.no/en/priser-og-prisindekser/konsumpriser/statistikk/konsumprisindeksen https://www.ssb.no/en/priser-og-prisindekser/konsumpriser/st...

nradov 4y ago
Norway and Sweden are hardly similar in this respect. Norway is a net food exporter. Sweden is a net food importer. That alone can account for much of the discrepancy.
- Tryk 4y ago
  I don't quite understand what you mean- Could you ground you statement with some source?
  - nradov 4y ago
    It's pretty simple. Subtract the value of food imports from the value of food exports. If the value is positive then the country is a net exporter, and if it's negative then they're a net importer. Every major country imports some foodstuffs and exports others, but countries with a trade surplus are generally better positioned to handle food price inflation. https://www.nibio.no/en/news/ten-facts-about-the-norwegian-food-industry https://www.nibio.no/en/news/ten-facts-about-the-norwegian-f...
    - Tryk 4y ago
      How would you explain the food inflation of Switzerland, a net food importer, that stands at 6.5% over the same 12 month period? [0] [0]: https://tradingeconomics.com/switzerland/food-inflation https://tradingeconomics.com/switzerland/food-inflation
      - junofan 4y ago
        Food’s already super expensive there. A lot of stuff is required to be made locally. Tariffs on food imports are super high, like 100% IIRC. A burrito was $45 last time I was there. Big outlier country in general.
- kzrdude 4y ago
  That could only makes sense if you count food in currency value, not in stuff you eat. Sweden is not great in agricultural productivity (terrestial argiculture), but it's a giant compared with Norway. Maybe we should mention that Norway exports oil and gas, and Sweden does not.
- deleted 4y ago
  [deleted]
ulfw 4y ago
A lot of that came from increasing energy prices. Norway is an energy producer, Sweden is an energy consumer.
- ocbyc 4y ago
  Yes, we need cheaper energy. Nuclear is a good option. Many drawbacks of previous gen reactors have been solved.

by Tryk 4y ago

nradov 4y ago

Norway and Sweden are hardly similar in this respect. Norway is a net food exporter. Sweden is a net food importer. That alone can account for much of the discrepancy.

Tryk 4y ago
I don't quite understand what you mean- Could you ground you statement with some source?
- nradov 4y ago
  It's pretty simple. Subtract the value of food imports from the value of food exports. If the value is positive then the country is a net exporter, and if it's negative then they're a net importer. Every major country imports some foodstuffs and exports others, but countries with a trade surplus are generally better positioned to handle food price inflation. https://www.nibio.no/en/news/ten-facts-about-the-norwegian-food-industry https://www.nibio.no/en/news/ten-facts-about-the-norwegian-f...
  - Tryk 4y ago
    How would you explain the food inflation of Switzerland, a net food importer, that stands at 6.5% over the same 12 month period? [0] [0]: https://tradingeconomics.com/switzerland/food-inflation https://tradingeconomics.com/switzerland/food-inflation
    - junofan 4y ago
      Food’s already super expensive there. A lot of stuff is required to be made locally. Tariffs on food imports are super high, like 100% IIRC. A burrito was $45 last time I was there. Big outlier country in general.
kzrdude 4y ago
That could only makes sense if you count food in currency value, not in stuff you eat. Sweden is not great in agricultural productivity (terrestial argiculture), but it's a giant compared with Norway. Maybe we should mention that Norway exports oil and gas, and Sweden does not.
deleted 4y ago
[deleted]

ulfw 4y ago

A lot of that came from increasing energy prices. Norway is an energy producer, Sweden is an energy consumer.

ocbyc 4y ago
Yes, we need cheaper energy. Nuclear is a good option. Many drawbacks of previous gen reactors have been solved.