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You’re counting only the last year, I suppose, but even then you’re not really telling the truth because they’re comparable over the last year, and only if you
by dijit 4y ago
You’re counting only the last year, I suppose, but even then you’re not really telling the truth because they’re comparable over the last year, and only if you take one year into account.
If your food inflation was 10% year 1 and 18% year 2 then your total inflation over two years is 35.7%.
If your food inflation on year 1 is 5% and year 2 is 20% then your total inflation over two years is 26%
You might look at the year two value and claim that inflation is higher, but food prices in the UK relative to income are definitely higher due to inflation (which is seemingly being underreported) over the last 5 years.
To be fair, the lines look quite comparable, but when I compare the monthly shop I do to what my friends and family do, and I factor in salary- it doesn’t nearly paint the picture that Sweden and the UK are comparable.
“Cost of living crisis” is decidedly not a thing in Sweden, not to the same scale, even if there are a contingent of people who struggle a little. Choosing between heating and eating is uniquely a British position in this regard. Similar to gun crime in the US, it seems like the Brit’s are pointing to all other countries as if they have the same issues and of course they do not.
https://tradingeconomics.com/sweden/food-inflation https://tradingeconomics.com/sweden/food-inflation
https://tradingeconomics.com/united-kingdom/food-inflation https://tradingeconomics.com/united-kingdom/food-inflation