Re:UK: Food inflation rises to 18.2% as it hits highest rate...
by sofixa on Friday March 24, 2023 @01:26PM
(#35292478)
What has that have to do with inflation in the UK?
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Re:UK: Food inflation rises to 18.2% as it hits highest rate...
by ptero on Friday March 24, 2023 @01:36PM
(#35292681)
Most developed countries have a similar picture. This is a UK-specific chart. https://tradingeconomics.com/united-kingdom/money-supply-m2
Re:UK: Food inflation rises to 18.2% as it hits highest rate...
by mjfisher on Friday March 24, 2023 @04:23PM
(#35294926)
That chart shows a net increase in M2 of about 5% for the UK, rather than multiples - the Y axis doesn't start at zero, which might be misleading at first glance.
Re:UK: Food inflation rises to 18.2% as it hits highest rate...
by ptero on Friday March 24, 2023 @11:04PM
(#35298861)
I may be missing something, but the page I posted has very similar numbers to those referenced for the StLouis Fed. You have to click on "25 years" to have a comparison with year 2000.
The post you replied to referenced the St. Louis Fed chart saying 4x M2 growth from 2000 to now. The page I referenced shows the same 4x M2 growth for the UK: from 750k at 2000 to 3000k at 2023 (values in GBP Millions). Virtually identical.
Re:UK: Food inflation rises to 18.2% as it hits highest rate...
by jlmorton on Friday March 24, 2023 @01:32PM
(#35292597)
So you're saying just because this is an entirely different economy, country, currency, money supply growth rate, central bank and interest rate regimen, that this means the elites aren't conspiring to do the thing they hate more than anything else, the thing that causes them to intentionally decrease jobs and employment to prevent?