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(CNBC)   "Rekordinflation," "inflación récord," "inflation record," "record inflatie," "inflazione record," - no matter how you say it, inflation hits a record 8.6% in the EU   (cnbc.com) divider line
    More: Followup, Monetary policy, Inflation, Central bank, European Central Bank, European Union, Euro zone inflation, Eurozone, central bank  
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408 clicks; posted to Business » and Politics » on 01 Jul 2022 at 11:20 AM (14 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



50 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-07-01 10:27:05 AM  
Thanks, Obama.
 
2022-07-01 10:31:26 AM  
Great, now they're gonna vote Republican too.
 
2022-07-01 10:56:19 AM  
Are they going to blame Brexit?
 
2022-07-01 11:08:56 AM  
Sounds like a challenge.
USA can top that, just watch.
 
2022-07-01 11:21:34 AM  
Somehow, in the diseased, worm riddled brains of terrorist right wingers, this is Joe Biden's fault.
 
2022-07-01 11:22:20 AM  
Danke Obama.
 
2022-07-01 11:23:39 AM  
Just goes to show how awful Biden is- he can cause inflation in countries around the globe!
 
2022-07-01 11:24:31 AM  
If Biden wasn't so weak, he would lead the Dems and make sure that this didn't happen.  Instead, since he's basically a Republican, he not only allows this to happen, he personally makes sure that progressives can't win office.  I know this article is about the EU, but my blind hatred of Biden makes that irrelevant.
 
2022-07-01 11:25:43 AM  

Glockenspiel Hero: Just goes to show how awful Biden is- he can cause inflation in countries around the globe!


Entered this thread to say this. It is hard not to laugh at my trumper neighbors when they said shiat like, "thank your President Biden for record inflation and gas prices..."

Like, "thanks for proving you have no idea how anything works".
 
2022-07-01 11:26:04 AM  

neongoats: Somehow, in the diseased, worm riddled brains of terrorist right wingers, this is Joe Biden's fault.


They're not terrorist right wingers, they are Fark Progressives™.
 
2022-07-01 11:26:54 AM  

stevenboof: If Biden wasn't so weak, he would lead the Dems and make sure that this didn't happen.  Instead, since he's basically a Republican, he not only allows this to happen, he personally makes sure that progressives can't win office.  I know this article is about the EU, but my blind hatred of Biden makes that irrelevant.


Why won't Biden lead?!?!....the EU
 
2022-07-01 11:28:15 AM  
I can't believe Joe Biden did that to Europe.  What's his problem?
 
2022-07-01 11:30:35 AM  

Mr.Uncle.Bill: stevenboof: If Biden wasn't so weak, he would lead the Dems and make sure that this didn't happen.  Instead, since he's basically a Republican, he not only allows this to happen, he personally makes sure that progressives can't win office.  I know this article is about the EU, but my blind hatred of Biden makes that irrelevant.

Why won't Biden lead?!?!....the EU


Sometimes it is best to read the entire post.
 
2022-07-01 11:34:37 AM  

Mr.Uncle.Bill: stevenboof: If Biden wasn't so weak, he would lead the Dems and make sure that this didn't happen.  Instead, since he's basically a Republican, he not only allows this to happen, he personally makes sure that progressives can't win office.  I know this article is about the EU, but my blind hatred of Biden makes that irrelevant.

Why won't Biden lead?!?!....the EU


Mr.Uncle.Bill Johnson is right! Joe Biden is ruining the EU with his terrible US Supreme Court Rulings!

We, the white, god-fearing citizens of the major internets wish to express our extreme displeasure with your choice of president. Please remove him immediately! The fact that you have sent him here just goes to prove that you are the leading asshole in the EU!

/REV'REND
 
2022-07-01 11:36:47 AM  

stevenboof: If Biden wasn't so weak, he would lead the Dems and make sure that this didn't happen.  Instead, since he's basically a Republican, he not only allows this to happen, he personally makes sure that progressives can't win office.  I know this article is about the EU, but my blind hatred of Biden makes that irrelevant.


I knew this was sarcastic because you didn't call him "Brandon" once.

3/10.
 
2022-07-01 11:36:55 AM  
Don't forget to thank Trudeau along with Biden.

/but especially Obama

Its a global liberal conspiracy!
 
2022-07-01 11:40:52 AM  

Mr.Uncle.Bill: stevenboof: If Biden wasn't so weak, he would lead the Dems and make sure that this didn't happen.  Instead, since he's basically a Republican, he not only allows this to happen, he personally makes sure that progressives can't win office.  I know this article is about the EU, but my blind hatred of Biden makes that irrelevant.

Why won't Biden lead?!?!....the EU


I know right? We should just Annex them and make the whole EU the 54th state (after Puerto Rico, DC, and Guam/Micronesia)
 
2022-07-01 11:42:19 AM  
Just say Super Mamon and leave it.
 
2022-07-01 11:50:28 AM  
Dziękuję, Obama
 
2022-07-01 11:53:33 AM  
Wow, didn't realize the Fed keeping interest rates low would have such an effect worldwide.

It's almost as if there are other factors driving inflation right now.
 
2022-07-01 11:54:30 AM  
You do realize that 8.6% inflation is in metric right?
 
2022-07-01 11:57:31 AM  

I'm an excellent driver: You do realize that 8.6% inflation is in metric right?


How much of that is in washing machines or Vermonts?
 
2022-07-01 11:57:35 AM  
I heard a pretty dope rap song the other day that taught me this is all Justin Trudeau's fault.
 
2022-07-01 12:02:21 PM  

NoWay3rdWay: I'm an excellent driver: You do realize that 8.6% inflation is in metric right?

How much of that is in washing machines or Vermonts?


at least 3 Rhode Islands
 
2022-07-01 12:03:48 PM  

stevenboof: If Biden wasn't so weak, he would lead the Dems and make sure that this didn't happen.  Instead, since he's basically a Republican, he not only allows this to happen, he personally makes sure that progressives can't win office.  I know this article is about the EU, but my blind hatred of Biden makes that irrelevant.


And don't forget, he, Nancy Pelosi and Chuck Schumer don't care. They hate all of us and just want to fundraise because they want to do this stupid thing called "Winning". They don't even care for ideological purity that everyone everywhere can win with 5$ dropped into a coffee can at the county fair. If they can't do that they don't deserve to win. Everywhere. All the time. Hate us all. Much more then the republicans who want to pass laws to outlaw most of us, but Biden hates us. Because he said some mean things in the 80's. Hates us.
 
2022-07-01 12:09:24 PM  
This is why the fed cratering our economy by raising rates was not meant to actually help average people. It was to help the investment class be able to shift to bonds to chase returns to try to keep up at our expense.

Inflation is international and we can't control it at all, but we can fark over the little guy, so I guess there is that.
 
2022-07-01 12:18:15 PM  
The world reacts to price of gas / fuel .. It's caused by big oil price gouging ..
 
2022-07-01 12:18:22 PM  

Airius: This is why the fed cratering our economy by raising rates was not meant to actually help average people. It was to help the investment class be able to shift to bonds to chase returns to try to keep up at our expense.

Inflation is international and we can't control it at all, but we can fark over the little guy, so I guess there is that.


Well, we could, united with our allies, work to assure that companies aren't profiting from this. The cost of getting gas out of the ground did not go up. The cost to get an egg from a chicken didn't go up. But a lot of companies are taking this as a chance to raise prices and never bring them back down.
 
2022-07-01 12:37:02 PM  

saintstryfe: Airius: This is why the fed cratering our economy by raising rates was not meant to actually help average people. It was to help the investment class be able to shift to bonds to chase returns to try to keep up at our expense.

Inflation is international and we can't control it at all, but we can fark over the little guy, so I guess there is that.

Well, we could, united with our allies, work to assure that companies aren't profiting from this. The cost of getting gas out of the ground did not go up. The cost to get an egg from a chicken didn't go up. But a lot of companies are taking this as a chance to raise prices and never bring them back down.


Cost them more to get feed for the chicken , get that egg to the store   ..
 
2022-07-01 1:32:18 PM  

mikalmd: The world reacts to price of gas / fuel .. It's caused by big oil price gouging ..


Amongst other things.

So, no.
 
2022-07-01 1:34:24 PM  

saintstryfe: Airius: This is why the fed cratering our economy by raising rates was not meant to actually help average people. It was to help the investment class be able to shift to bonds to chase returns to try to keep up at our expense.

Inflation is international and we can't control it at all, but we can fark over the little guy, so I guess there is that.

Well, we could, united with our allies, work to assure that companies aren't profiting from this. The cost of getting gas out of the ground did not go up. The cost to get an egg from a chicken didn't go up. But a lot of companies are taking this as a chance to raise prices and never bring them back down.


The oil price is set on the exchange.

Yes, it does cost more to produce eggs, as feed for the chickens have gone up, and cost of heating, and electricity has as well.

On the upside, your spelling was fine.
 
2022-07-01 1:39:19 PM  
Bidens power is out of control!
 
2022-07-01 1:39:37 PM  

Carter Pewterschmidt: Are they going to blame Brexit?


The UK's inflation rate is worse, so Brexit will offer some amusing light relief.
 
Xai
2022-07-01 1:54:32 PM  

Carter Pewterschmidt: Are they going to blame Brexit?


RPI in the same month here = 11.7%

What do you blame the difference on?
 
2022-07-01 2:03:04 PM  

stevenboof: neongoats: Somehow, in the diseased, worm riddled brains of terrorist right wingers, this is Joe Biden's fault.

They're not terrorist right wingers, they are Fark Progressives™.


No. I'm not participating in the "eating your own" shiat of left vs lefter.

Right wingers are the enemy of humanity. Not Joe Biden. He's just kind of old and limp and ineffectual.
 
2022-07-01 2:17:41 PM  
Every president gets blamed for the state of the economy (US and world since the dollar is still the world's reserve currency) no matter what. It may not be fair, but it happens to every president.
 
2022-07-01 2:42:53 PM  

Ketchuponsteak: The oil price is set on the exchange.

Yes, it does cost more to produce eggs, as feed for the chickens have gone up, and cost of heating, and electricity has as well.

On the upside, your spelling was fine.


The Price of Oil is set on the exchange, but the price of gas has gone up way more than the price of oil. It's profit taking.

And all those things are up from the cost of gas.
 
2022-07-01 2:59:19 PM  

Xai: Carter Pewterschmidt: Are they going to blame Brexit?

RPI in the same month here = 11.7%

What do you blame the difference on?


RPI is not the same as the rate TFA Is talking about. The UK inflation rate is 9.1%, higher than the EU average but lower than many EU countries.
 
2022-07-01 2:59:47 PM  
DAMN JOE BIDEN FOR RAISING INFLATION IN EUROPE!

Is there no limit to his power?
 
2022-07-01 3:30:24 PM  

OhioUGrad: Glockenspiel Hero: Just goes to show how awful Biden is- he can cause inflation in countries around the globe!

Entered this thread to say this. It is hard not to laugh at my trumper neighbors when they said shiat like, "thank your President Biden for record inflation and gas prices..."

Like, "thanks for proving you have no idea how anything works".


And yet they get to vote.
 
2022-07-01 3:31:52 PM  

Daeva: Bidens power is out of control!


Should have installed a bigger capacitor.
 
2022-07-01 4:58:08 PM  

Airius: This is why the fed cratering our economy by raising rates was not meant to actually help average people. It was to help the investment class be able to shift to bonds to chase returns to try to keep up at our expense.

Inflation is international and we can't control it at all, but we can fark over the little guy, so I guess there is that.


It might come as a surprise, but pretty much ALL countries have been running the money printing press and keeping interests low. At some point interest rates will rise because the free money has to stop.
 
2022-07-01 5:00:21 PM  

Xai: Carter Pewterschmidt: Are they going to blame Brexit?

RPI in the same month here = 11.7%

What do you blame the difference on?


Average vs specific country?
 
Xai
2022-07-01 5:22:00 PM  

Carter Pewterschmidt: Xai: Carter Pewterschmidt: Are they going to blame Brexit?

RPI in the same month here = 11.7%

What do you blame the difference on?

RPI is not the same as the rate TFA Is talking about. The UK inflation rate is 9.1%, higher than the EU average but lower than many EU countries.


Wrong again, like RPI, HICP (the eurozone inflation measure) includes housing costs, CPI doesn't.

So I'll ask you again, what do you explain the massive difference on?
 
2022-07-01 7:07:50 PM  
See. that's just how evil Biden is, causing inflation in the whole world.
 
2022-07-01 8:57:14 PM  

Glockenspiel Hero: Just goes to show how awful Biden is- he can cause inflation in countries around the globe!


Yea it's sad. Helicopter money and excessive government spending don't cause inflation, regardless of what the so-called economists say.

It's time we stopped listening to the lame economists who claim to be experts. The old theories about inflation are myths.

For example, Venezuela's finance minister was a sociologist, and he proved that inflation is cause by greedy corporations all acting in unison, and conspiring together to raise prices.
https://www.reuters.com/article/us-venezuela-economy/for-economy-czar-of-crisis-hit-venezuela-inflation-does-not-exist-idUSKBN0UL27820160107
 
2022-07-02 5:17:48 AM  

saintstryfe: Ketchuponsteak: The oil price is set on the exchange.

Yes, it does cost more to produce eggs, as feed for the chickens have gone up, and cost of heating, and electricity has as well.

On the upside, your spelling was fine.

The Price of Oil is set on the exchange, but the price of gas has gone up way more than the price of oil. It's profit taking.

And all those things are up from the cost of gas.


What's your point?

I mean. Do you think you have some revelation for us, by telling us that gas producers earn more, when the price is higher?
 
2022-07-02 5:19:07 AM  

DerAppie: Airius: This is why the fed cratering our economy by raising rates was not meant to actually help average people. It was to help the investment class be able to shift to bonds to chase returns to try to keep up at our expense.

Inflation is international and we can't control it at all, but we can fark over the little guy, so I guess there is that.

It might come as a surprise, but pretty much ALL countries have been running the money printing press and keeping interests low. At some point interest rates will rise because the free money has to stop.


Stuff you made up.
 
2022-07-02 12:41:40 PM  
Never order the Inflazione. It gave me gas.
 
2022-07-02 3:20:36 PM  

CCNP: Glockenspiel Hero: Just goes to show how awful Biden is- he can cause inflation in countries around the globe!

Yea it's sad. Helicopter money and excessive government spending don't cause inflation, regardless of what the so-called economists say.

It's time we stopped listening to the lame economists who claim to be experts. The old theories about inflation are myths.

For example, Venezuela's finance minister was a sociologist, and he proved that inflation is cause by greedy corporations all acting in unison, and conspiring together to raise prices.
https://www.reuters.com/article/us-venezuela-economy/for-economy-czar-of-crisis-hit-venezuela-inflation-does-not-exist-idUSKBN0UL27820160107


LOL. Thought you were serious until you quoted a Venezuelan economist sociologist. Well done!
 
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