Data for annual inflation (2020 October – 2021 October)
The highest inflation was recorded in Lithuania (8.2%), followed by Estonia (7.4%) and Latvia (6.0%). The lowest inflation rates were recorded in Malta (1.4%), Portugal (1.8%) and Finland (2.8%).
Maybe we should start doing something about this rising inflation that we’re seeing … or maybe we should pretend it doesnt exist like we do with most problems.
Euro is a death sentence for eastern economies
Sweden?
Can someone ELI5 how the same currency can have different inflation rates?
I’m not sure how these figures are calculated but by my estimate, prices might go up 100% between 2020 and 2021.
No wonder, when the ECB released double the currency into circulation last year.
Far too high…
baltics are gonna be up here soon
it’s been very cheap to spend euro there in many ways
we’re deflating but in 2000s everything was so cheap still, 0,5l coke was under 1.5€ after all taxes
Where is Poland?
It would be interesting to see Denmark considering they are pegged to euro
basically there’s going to be a financial crash like 2008 and the past . so be prepared it not make a difference were you are from thought the world . political parties will put it down to covid what ever but basically it’s crime thought the financial markets .
Not a day goes by without new articles about rising costs here and there. And China also has a huge energy crisis because of the lack of coal. At the same time they’ve got a monopoly on many raw materials that are essential to our economies which they can’t produce atm because people gotta have heat. And bringing back production into Europe isn’t feasible with our energy prices either. Of course the central banks still keep pumping out more money. Rent is taking up half of our paychecks. Meanwhile every stupid asshole is getting rich by investing in bitcoins or some moronic gamestop stock.
It feels like money is absolutely worthless but at the same time you gotta slave away for hours to get some small amount of it.
How do they calculate inflation? I know in the USA we don’t take into account gas, food, or rent/housing which seems silly to leave out but allows us to say a lower number.
I don’t know if the low figure for Finland is a sign of stability or a sign of anemic economic growth.
Why is the inflation rate so different between Spain and Portugal?
Meanwhile , Bulgaria , Which is pegged to the euro has an Inflation of 4,8% in September .I wonder how bad we are today .
Damn, I’m jealous.
Come on Cyprys, We were so close to having all the four edges as the same colour. We got the Westernmost, northernmost and the southernmost countries in the blue so all we were missing was the easternmost country.
Cyprus is in the Eurozone? Huh, TIL
Well, useless info. With covid “it is high” is standard for everyone
and still Baltics have smalles loans, i think they are fine
Cyprus: 4-5% feels like bullshit, because various things got like 10-20% more expensive since summer. Fuel went up 10% just during the last month. Groceries, especially meat and imported products, seem to be about 15-20% more than back in 2020.
Taxation and inflation essentially serve the governments in the same way. Yet reddit statits will tell you that *taxation good, inflation bad*. Some of them are so retarded, that they will tell you that both are good…
So the Baltic states where goods are much cheaper than most of the rest of the euro zone and where GDP growth is amongst the highest also has the highest inflation? That part of this at least is unsurprising
24 comments
Data for annual inflation (2020 October – 2021 October)
The highest inflation was recorded in Lithuania (8.2%), followed by Estonia (7.4%) and Latvia (6.0%). The lowest inflation rates were recorded in Malta (1.4%), Portugal (1.8%) and Finland (2.8%).
Source: [National Banks on behalf of ECB](https://www.bundesbank.de/en/statistics/economic-activity-and-prices/producer-and-consumer-prices/harmonised-indices-of-consumer-prices-of-the-euro-area-countries-795598)
Maybe we should start doing something about this rising inflation that we’re seeing … or maybe we should pretend it doesnt exist like we do with most problems.
Euro is a death sentence for eastern economies
Sweden?
Can someone ELI5 how the same currency can have different inflation rates?
I’m not sure how these figures are calculated but by my estimate, prices might go up 100% between 2020 and 2021.
No wonder, when the ECB released double the currency into circulation last year.
Far too high…
baltics are gonna be up here soon
it’s been very cheap to spend euro there in many ways
we’re deflating but in 2000s everything was so cheap still, 0,5l coke was under 1.5€ after all taxes
Where is Poland?
It would be interesting to see Denmark considering they are pegged to euro
basically there’s going to be a financial crash like 2008 and the past . so be prepared it not make a difference were you are from thought the world . political parties will put it down to covid what ever but basically it’s crime thought the financial markets .
Not a day goes by without new articles about rising costs here and there. And China also has a huge energy crisis because of the lack of coal. At the same time they’ve got a monopoly on many raw materials that are essential to our economies which they can’t produce atm because people gotta have heat. And bringing back production into Europe isn’t feasible with our energy prices either. Of course the central banks still keep pumping out more money. Rent is taking up half of our paychecks. Meanwhile every stupid asshole is getting rich by investing in bitcoins or some moronic gamestop stock.
It feels like money is absolutely worthless but at the same time you gotta slave away for hours to get some small amount of it.
How do they calculate inflation? I know in the USA we don’t take into account gas, food, or rent/housing which seems silly to leave out but allows us to say a lower number.
I don’t know if the low figure for Finland is a sign of stability or a sign of anemic economic growth.
Why is the inflation rate so different between Spain and Portugal?
Meanwhile , Bulgaria , Which is pegged to the euro has an Inflation of 4,8% in September .I wonder how bad we are today .
Damn, I’m jealous.
Come on Cyprys, We were so close to having all the four edges as the same colour. We got the Westernmost, northernmost and the southernmost countries in the blue so all we were missing was the easternmost country.
Cyprus is in the Eurozone? Huh, TIL
Well, useless info. With covid “it is high” is standard for everyone
and still Baltics have smalles loans, i think they are fine
Cyprus: 4-5% feels like bullshit, because various things got like 10-20% more expensive since summer. Fuel went up 10% just during the last month. Groceries, especially meat and imported products, seem to be about 15-20% more than back in 2020.
Taxation and inflation essentially serve the governments in the same way. Yet reddit statits will tell you that *taxation good, inflation bad*. Some of them are so retarded, that they will tell you that both are good…
So the Baltic states where goods are much cheaper than most of the rest of the euro zone and where GDP growth is amongst the highest also has the highest inflation? That part of this at least is unsurprising