Re:UK food price inflation hit 16.2% in October – cost of fo...
by vladvasiliu on Sunday November 20, 2022 @01:13PM
(#33683533)
How do you define a "comparable country"?
According to [0], the UK isn't doing that much worse than Germany (12.2 vs 12.6%). It's doing same as Norway and better than the Netherlands, Belgium, the Czech Republic and way better than Sweden. The latter being barely better than Ukraine, which is actually at war. Now I agree those are "smaller countries", so maybe not comparable?
Some "peripheral countries" are doing great (Romania), others terribly (Hungary). This is to say that values are over the place. I don't see any emerging trend that would allow easily to pinpoint the reason prices are going up in this or that country but not in the other.
The issue with Germany's decision, wrt to nuclear, is that it affects everybody because of the way electricity prices are set in the EU (priced for the most expensive production).
According to [0], the UK isn't doing that much worse than Germany (12.2 vs 12.6%). It's doing same as Norway and better than the Netherlands, Belgium, the Czech Republic and way better than Sweden. The latter being barely better than Ukraine, which is actually at war. Now I agree those are "smaller countries", so maybe not comparable?
Some "peripheral countries" are doing great (Romania), others terribly (Hungary). This is to say that values are over the place. I don't see any emerging trend that would allow easily to pinpoint the reason prices are going up in this or that country but not in the other.
The issue with Germany's decision, wrt to nuclear, is that it affects everybody because of the way electricity prices are set in the EU (priced for the most expensive production).
[0] https://tradingeconomics.com/country-list/consumer-price-ind...