Inflation in EU and USA (Nov 2020 to Nov 2021)

39 comments
  1. I wonder how much this has to do with the massive labor shortage. The US was debating a $15 minimum wage like 8 months ago and it didn’t pass because it was thought to be to much. However, now it looks like every job offers $15 minimum, even McDonald’s, and most jobs that require even half a peanut worth of brain give $20+. All that additional income creates massive massive demand and the massive supply chain problems means low supply…boom inflation.

    Think I read somewhere a month or so ago that there are like 12 million job openings or something

  2. so basically, right now we need to observe FED. If they increase interest rate we need to “fasten our seat belts”

  3. What’s the difference between the two different calculation methods? That seems like it might be kind of important.

  4. nov 20 to nov 21 is a bit misleading, considering for exemple temporary VAT rate cuts in some countries.

  5. BS, because EU does not count housing prices. Here houses went up by average 25% and apartments by average 19%. And in biggest cities it was much more than that…

  6. It’s important to remember that this is based on different baskets. E.g. Americans buy (a lot) more fuel so price increases there have a bigger impact.

    So be careful not to overinterprete the figures.

  7. The only inflation I really notice is the price of milk increasing by another 0.5 DKK. And fuel I guess. That definitely is more expensive than it used to be.

  8. Hello from Minnesota, where my expenses have increased by ~16% since January 1st. This has been driven mostly by the cost of electricity, gas, petrol, food, and non-food grocery items.

    I don’t order food for delivery very often, but I’ve been ordering it significantly less since the cost has almost doubled.

  9. Inflation is good, it drives the economy. And a slightly bigger inflation is even better after an economic crisis.

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