EU inflation too high

Oh Scheiße - Oh shit

The European central bank is committed to setting interest rates, to load inflation rates to two per cent.  Nowhere in Europe has such low inflation!

Inflation remains stubbornly high in the UK and many have pointed to Brexit as a contributing factor with many Western European nations like France and Spain seeing their price growth fall rapidly.

But the story isn't true for the whole of the EU, with many nations suffering double-digit inflation and one seeing it surpass 20%

Hungary has an inflation rate of 25.6%, according to a recent Eurostat report.

The report said the average inflation rate across the EU was 8.3%, with Hungary way ahead of second place Latvia which has an inflation rate of 17.2%.

Inflation is also falling slower in Hungary than in the rest of the EU according to Eurostat.

The German fears of inflation stance from the hyper inflation of the 1930s.  The big idea and for the EU was to keep the lid on inflation for ever.

BEU has inflation rate of 10.1%.  Just two high!  So we are seeing interest rates going up every two weeks.

That cannot happen in the EU.  The EU countries are the lowest inflation rate, are going to see a flood of customers to spend their Euros €.

Eurozone inflation was 7.4% in March 2022. Inflation is Germany is provisionally estimated as 7.8% in March, down from 9.3% in February. Inflation is France is provisionally estimated as 6.6% in March, down from 7.3% in February.31 Mar 2023