Euro zone inflation soars to a record 10%, piling pressure on the ECB

Re:Euro zone inflation soars to a record 10%, piling pressur... by lm28469 on Friday September 30, 2022 @11:50AM (#33036507)

> I saw zero inflation-bugs complaining that really we should be using food and energy only when those weren't the dominant forces.

Because it is never that clear cut.

If food goes up by 2%, gas/electricity by 3% and TV/video games/cars by 2.5% you can say inflation is ~3%

If food goes up by 30%, gas/electricity by 100% and TV/video games/cars by 2.5% saying inflation is 10% by using magic maths is bullshit

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Re:Euro zone inflation soars to a record 10%, piling pressur... by UncleMeat on Friday September 30, 2022 @12:06PM (#33036733)

But what if food goes up by 2% and cars/lumber go up by 50%? In that case will you still exclude the cars and lumber?

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Re:Euro zone inflation soars to a record 10%, piling pressur... by lm28469 on Friday September 30, 2022 @12:35PM (#33037050)

Let's talk about that when it happens, I feel like it's not a very realistic scenario

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Re:Euro zone inflation soars to a record 10%, piling pressur... by UncleMeat on Friday September 30, 2022 @01:07PM (#33037511)

Literally last fall.

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Re:Euro zone inflation soars to a record 10%, piling pressur... by Am4TIfIsER0ppos on Friday September 30, 2022 @04:01PM (#33040021)

Yes and yes. Lumber will come back around into people's expenses for shelter. Cars are harder to justify leaving out.

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Re:Euro zone inflation soars to a record 10%, piling pressur... by candiodari on Saturday October 01, 2022 @09:37AM (#33046498)

But these people are largely hired and paid for by the government. The government, who has to pay extra if inflation goes up (esp. in Europe). Obviously they have a preference for lower inflation.

(and frankly, to a small extent their argument is valid. If everyone switches from Coca-Cola to Pepsi, even if they do so because it's cheaper, then Coca-Cola has no place anymore in an inflation index. Prices are meant to affect buying behaviour and products must be allowed to replace each other)

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