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Gerrut_batsbak t1_jeelfub wrote

Dutch supermarkets: hold my beer, im gonna raise them prises so hard.

267

Vastiny t1_jefdl3o wrote

Swedish supermarkets: watch me bro

89

bbcversus t1_jefiudk wrote

Romanian hypermarkets: hold my pălincă

48

ShadowBannedAugustus t1_jefl3ma wrote

Slovak supermarkets: Hold my pálenka!

30% groceries inflation is where it's at.

27

Shooppow t1_jefoq5o wrote

Swiss supermarkets take it to a whole new level! I just noticed I’m paying literally double for a bag of Catsan litter vs 6 months ago…

19

Aurora_Fatalis t1_jegkunz wrote

Norwegian supermarkets: You mean your prices weren't already raised?

8

M4J0R4 t1_jegvrqr wrote

In Germany supermarket prices raised by more than 23% year to year … its crazy. Energy prices nearly went back to normal but supermarket prices stay this high and keep increasing

25

Tinusers t1_jegvnj8 wrote

Yup, just today in NL saw a meal I used to buy last year for 3.80eu, now it's almost 7euro. Was just laughing at that price. Almost criminal how they are upping prices still.

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bytemage t1_jeeeobf wrote

No shit? It was all just the speculation and price gauging of the energy sector? Inconceivable.

260

the_than_then_guy t1_jeehiji wrote

It was really nice of the energy sector to simply not raise prices again this year.

71

font9a t1_jeevity wrote

I wonder how many energy company execs are having trouble paying their grocery bills.

42

JediWizardKnight t1_jefxdsc wrote

Speculation doesn't affect prices in the long run, as you need to buy and sell in order to speculate.

7

xdzgor t1_jeegcq9 wrote

> food, tobacco and alcoholic drinks were 15.4% more expensive in March than a year earlier, compared with a 15% annual rise in February.

But is it really a fall in inflation?

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jimmy17 t1_jeez4du wrote

Yes. Because inflation is a measure of the rate of change of prices.

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xdzgor t1_jef93il wrote

In February inflation was 15%. In March it was 15.4%.
Is that a fall then?

−17

LadyLazaev t1_jefeoxy wrote

In inflation rates? Yes. If the prices are 15% higher than the same time the previous year, then that indicates an inflation of about 1.25% per month on average, but the inflation between February and March was only 0.4% which is clearly a drop.

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xdzgor t1_jeftk6u wrote

True, it could even have looked like this:

​

Feb $1000
Mar $1000
Apr $1000
May $1000
Jun $1000
Jul $1000
Aug $1150
Sep $1150
Oct $1150
Nov $1150
Dec $1150
Jan $1150
Feb $1150
Mar $1154

15% increase between July and August, but otherwise mostly 0% monthly increases, and then ~0.35% increase between Feb2023-Mar2023

weird

1

xdzgor t1_jefzh50 wrote

Haha, here's another example which satisfies the supplied percentages and dates. It shows a 15% inflation Feb2022-Feb2023 and a 15.4% inflation Mar2022-Mar2023.

​

Feb $1000
Mar $5000
Apr $5000
May $5000
Jun $5000
Jul $5000
Aug $5000
Sep $5000
Oct $5000
Nov $5000
Dec $5000
Jan $5000
Feb $1150
Mar $5770
1

PlayasBum t1_jefobh9 wrote

If you go 0 to 60 in 3 seconds and then 60 to 70 in 3 seconds, your acceleration has decreased in the last 3 seconds, even though you went faster. It’s the same thing.

15

ArgumentWide7165 t1_jefv1yz wrote

Perfect explanation.

It’s not a deflationary period, just less inflation. We probably won’t see a deflationary period so now is the time to ask for a raise.

1

xdzgor t1_jeg1pny wrote

Don't quite get the analogy.

For example

Feb 2022 price = $1000

Mar 2022 price = $5000

Feb 2023 price = $1150

Mar 2023 price = $5770

This shows a 15% increase Feb 2022 - Feb 2023

and 15.4% increase Mar 2022 - Mar 2023.

​

Do the numbers show a fall in inflation?

−5

PlayasBum t1_jeg8653 wrote

Your numbers are inherently flawed. Not sure if it’s because of you’re lack of understanding or intentional. You cant have 1xxx in February and have 5xxxx in March.

2

xdzgor t1_jeg99a4 wrote

They're just examples - there were no actual numbers in the article, only dates and percentage increases

−1

PlayasBum t1_jegbcku wrote

In your example you have 500% inflation from F22 - M22. Then 4xx% deflation M22 to F23. Then almost 500% inflation again. Although they technically fit the headline, the narrative won’t be the same, as you likely have currency instability. More accurate numbers would be

Feb 2022 = $100 Mar 2022 = $100 Feb 2023 = $115 Mar 2023 = $115.4

What they’re not showing, is January numbers, which hypothetically could look like

Jan 2022 = $100 Jan 2023 = $110

Adding that, you can see the rate of change YoY being 10%, 15%, 15.4%.

Not sure if that helps you visualize it better.

1

Kevonz t1_jef9h0t wrote

yes, if you don't just look at the food inflation like you are.

13

TOOT1808 t1_jefjisj wrote

So the main cost for most people?

−7

Kevonz t1_jefl1ki wrote

Yes, the main cost, not all the cost.

3

YoYoMoMa t1_jefuvk5 wrote

The reason certain things are not included in inflation (or are weighted) is because they are often things that vary in price outside of actual inflation, so they do not give a good view of if inflation is actually happening. Food and gas and housing often go in strange directions price wise for many reasons other than inflation.

Inflation is not trying to measure how much people have to spend to live. There are other measures for that.

2

Professional-Web8436 t1_jefxs33 wrote

Main cost? Most of my money is spent on rent. Or retirement. Or gas. Or my car (fuel,repairs,etc.).

Food isn't even my top3.

2

xdzgor t1_jeg4nkk wrote

I guess that sort of thing is very individual. My house payments have not changed at all. Food and natural-gas prices have skyrocketed, and I drive so little that petrol increases hardly affect me.

0

EinFahrrad t1_jeek2q8 wrote

Not that you'd notice when you go shopping

69

hobbykitjr t1_jefjccs wrote

the "growing" fell.

its still staying as ..."grown" as it is.

(if that makes sense)

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LyingCaterpillar t1_jeetwlb wrote

Yeah I’ll believe it when I see it. I’ve never seen grocery prices drop.

11

Objective-Sugar1047 t1_jeexw01 wrote

That’s a huge misunderstanding on your part. Inflation means „how fast prices rise”. When inflation falls prices aren’t falling, they are rising slower.

89

CSI_Tech_Dept t1_jegyojj wrote

Well, there could be a negative inflation which we typically call recession.

−12

thomas0088 t1_jefaz2r wrote

Falling inflation does not mean that prices will drop

24

berzemus t1_jefqdja wrote

Dropping prices would be a deflation.. that would be ugly

12

lobbarr t1_jegbpxo wrote

Why? Everyone says is bad but I never saw an example where it's really bad.

5

SapCPark t1_jegxpvb wrote

Deflation means its more expensive to borrow money so credit tightens, loans are more expensive, and jobs are lost. The 2008 recession saw this

6

Haptoh t1_jegl6h5 wrote

Ever heard of the Great Depression?

4

Liraal t1_jeh1ffq wrote

Generally our economy is tuned to expect money remaining in circulation (i.e. being re-invested). Under deflation, said money stays under your bed instead since it appreciates faster than it would if you were to invest, new companies are not created, old ones cannot get loans or funding and everything generally grinds to a halt. An economy structured around stable performance probably wouldn't struggle that much with this, but that is not the economy we have.

3

jyper t1_jeg5oyr wrote

Because it's energy inflation not food or product inflation (although obviously it can also increase the price of food when it costs more to refrigerate the store or transport it to the store). You wouldn't notice it when going shopping you might notice it at the pump or when paying for heating/electricity at the end of the month.

2

TheOzarkWizard t1_jeehx1z wrote

Gee, it's almost like the energy sector was triggering a mass corporate price gouge or something.

Almost worth posting this to r/hmm

33

halee1 t1_jef7zp1 wrote

Yeah, there's almost never a "fall in prices". That's what people want, but never what actually happens, even in the "good times". When it does, it's practically 100% of the time during a recession. As others said, a "fall in inflation" only means a slowdown in the increase.

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jyper t1_jeg5xkk wrote

Falling prices is deflation which tends to be even worse then significant inflation. What you want is a slowdown in the increase so paychecks catch up and make things more affordable

10

Nihilblistic t1_jeh05by wrote

"Falling prices" used to be called "competitive pricing". Funny how things change.

−2

Thisissocomplicated t1_jefxusj wrote

Which means raises in wages might actually make things more stable and help people which is a good thing. There seems to have been some effort into raising wages in Europe lately

4

Grylf t1_jefk7qo wrote

Call me when greedflation stops. I am looking at you ICA

11

autotldr t1_jeeedgn wrote

This is the best tl;dr I could make, original reduced by 68%. (I'm a bot)

> The eurozone's annual inflation rate fell sharply in March as plunging energy prices eased pressure on the cost of living across the 20 countries that use the single currency.

> As a result, annual energy inflation dropped from 13.7% to -0.9%. In contrast to falling gas prices, the cost of food continued to rise for eurozone consumers.

> Inflation data for the UK for March has not yet been published but figures for February showed headline inflation rising from 10.1% to 10.4%, while core inflation rose from 5.8% to 6.2%. Diego Iscaro, the head of European economics at S&P Global Market Intelligence, said: "We estimate that core inflation is close to its peak, and the pressure from food prices is also likely to ease during the second quarter.

Extended Summary | FAQ | Feedback | Top keywords: inflation^#1 Core^#2 prices^#3 cost^#4 food^#5

8

Successful-Smell5170 t1_jegpomn wrote

I wish people would stop calling it inflation and call what it really is... Price gouging.

7

--Muther-- t1_jefizkh wrote

Not in Sweden...we seem to be royally fucked.

4

toodog t1_jeg0241 wrote

But not in the uk

2

Bronco-Merkur t1_jef216z wrote

Now swap „inflation“ with „price-shock“.

0