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Eurozone inflation hits record high

 
dofzion
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03/31/2008 12:00 PM
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Eurozone inflation hits record high
A European statistical agency says the yearly inflation in the 15-nation eurozone reached a new record high of 3.5 percent in March.

According to Eurostat Inflation was 3.3 percent in February, far above the European Central Bank's guideline of just under 2 percent.

A fall in the European Commission's key business and consumer survey to 99.6 points adds to signs that the eurozone economy is slowing with analysts expecting an index rise to 100.5.

EU spokeswoman Amelia Torres says the numbers aren't surprising in view of the fact that 'oil is running at more than US$100 a barrel.'

Eurostat claims the price increase has hit its fastest pace since it began keeping EU records 12 years ago.
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Anonymous Coward
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03/31/2008 12:20 PM
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Re: Eurozone inflation hits record high
The article is wrong

Inflation in Europe is running at around 20%,maybe more

it will get worse as well
dofzion  (OP)

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03/31/2008 12:43 PM
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Re: Eurozone inflation hits record high
The article is wrong

Inflation in Europe is running at around 20%,maybe more

it will get worse as well
 Quoting: Anonymous Coward 396816

hiding
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Anonymous Coward
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03/31/2008 12:52 PM
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Re: Eurozone inflation hits record high
The article is wrong

Inflation in Europe is running at around 20%,maybe more

it will get worse as well
 Quoting: Anonymous Coward 396816

I dont think so. The article refers to the monthly inflation, while your 20% are for the whole year (2007 I guess).
Anonymous Coward
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03/31/2008 12:54 PM
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Re: Eurozone inflation hits record high
Anyway:

Anonymous Coward
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03/31/2008 01:06 PM
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Re: Eurozone inflation hits record high
I dont think so. The article refers to the monthly inflation, while your 20% are for the whole year (2007 I guess).
 Quoting: Anonymous Coward 404515


The artical starts with these words

A European statistical agency says the yearly inflation in the 15-nation eurozone reached a new record high of 3.5 percent in March.

btw

pwned
Anonymous Coward
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03/31/2008 01:11 PM
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Re: Eurozone inflation hits record high
got me.
Anonymous Coward
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03/31/2008 01:15 PM
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Re: Eurozone inflation hits record high
got me.
 Quoting: Anonymous Coward 404515


i was just thinking maybe i was wrong

its confusing the way its are written,its a load of bollox anyway if you ask me

i know the UK goverment said inflation is running at 2.5 % damn liars
Shevar
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03/31/2008 01:20 PM
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Re: Eurozone inflation hits record high
The article is wrong

Inflation in Europe is running at around 20%,maybe more

it will get worse as well
 Quoting: Anonymous Coward 396816



I don't know where you live but 20% is probably grossly overestimated (that being said the 1.8% the dutch government used over the January to January number isn't fair either).

Btw that number used in the OP is the price index from march 2007 compared to the price index of march 2008. The difference between those 2 is called inflation.
Anonymous Coward
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Germany
03/31/2008 01:23 PM
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Re: Eurozone inflation hits record high
its a load of bollox anyway if you ask me

 Quoting: Anonymous Coward 396816


Agreed. Its like the unemployment numbers. Fake, fake, fake.

To measure inflation for the little man, its good enough to compare prices of butter, bread and milk for the last years.

Unfortunately, most people give a fuck, until they are no more able to feed themselves and their loved ones.
Anonymous Coward
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03/31/2008 01:26 PM
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Re: Eurozone inflation hits record high
I don't know where you live but 20% is probably grossly overestimated (that being said the 1.8% the dutch government used over the January to January number isn't fair either).

Btw that number used in the OP is the price index from march 2007 compared to the price index of march 2008. The difference between those 2 is called inflation.
 Quoting: Shevar 361147


i live in the UK and food prices have gone up over 20%,eggs have gone up 40%,gas,electric has gone up 20% +

if you think inflation is running at 2 or 3% you are BLIND mate and will believe anything the goverment tells you,more fool you IMO
dofzion  (OP)

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03/31/2008 01:28 PM
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Re: Eurozone inflation hits record high
I don't know where you live but 20% is probably grossly overestimated (that being said the 1.8% the dutch government used over the January to January number isn't fair either).

Btw that number used in the OP is the price index from march 2007 compared to the price index of march 2008. The difference between those 2 is called inflation.


i live in the UK and food prices have gone up over 20%,eggs have gone up 40%,gas,electric has gone up 20% +

if you think inflation is running at 2 or 3% you are BLIND mate and will believe anything the goverment tells you,more fool you IMO
 Quoting: Anonymous Coward 396816

tomato
Who so boasteth himself of a false gift is like clouds and wind without rain.
Anonymous Coward
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United Kingdom
03/31/2008 01:32 PM
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Re: Eurozone inflation hits record high
To measure inflation for the little man, its good enough to compare prices of butter, bread and milk for the last years.

Unfortunately, most people give a fuck, until they are no more able to feed themselves and their loved ones.
 Quoting: Anonymous Coward 404515


yeah the goverment use dont include food prices in their inflation stats,so anything they tell us about inflation is total B.S

big,big trouble is coming over this,by trouble i mean violence on the streets and people killing each other,people havent even seen the worst of it yet, not by a long way
Anonymous Coward
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United Kingdom
03/31/2008 01:33 PM
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Re: Eurozone inflation hits record high
The article is wrong

Inflation in Europe is running at around 20%,maybe more

it will get worse as well
 Quoting: Anonymous Coward 396816

prices have risen dramatically here in UK within the last 2 years. But since two month ago price of Bread, rice, flour, and milk have gone up as much as 35% (in the case of Rice).
Things are not looking good. UK government claims a low inflation but that is not true at all. So far we have seen the price of bread rise by a penny or two for the last 8 weeks. Bread has gone up by 20%, cheese, milk and even meat has gone up. By my calculation everything has gone up by average of 20%. So how does inflation stand at 2%???

20% is the minimum within the last six month (and not a whole year). believe me. I have to buy and budget for many people and I help to organise a lot of people who have difficulty in saving money. I work for the council in UK and my job is to teach some families how to spend and how to save. I keep exact tab on the price of all supermarkets and we know exactly how much they have gone up.
Government figures are totally wrong and there is no end at the moment with this price increse.
Shevar
User ID: 361147
Netherlands
03/31/2008 02:55 PM
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Re: Eurozone inflation hits record high
The article is wrong

Inflation in Europe is running at around 20%,maybe more

it will get worse as well

prices have risen dramatically here in UK within the last 2 years. But since two month ago price of Bread, rice, flour, and milk have gone up as much as 35% (in the case of Rice).
Things are not looking good. UK government claims a low inflation but that is not true at all. So far we have seen the price of bread rise by a penny or two for the last 8 weeks. Bread has gone up by 20%, cheese, milk and even meat has gone up. By my calculation everything has gone up by average of 20%. So how does inflation stand at 2%???

20% is the minimum within the last six month (and not a whole year). believe me. I have to buy and budget for many people and I help to organise a lot of people who have difficulty in saving money. I work for the council in UK and my job is to teach some families how to spend and how to save. I keep exact tab on the price of all supermarkets and we know exactly how much they have gone up.
Government figures are totally wrong and there is no end at the moment with this price increse.
 Quoting: Anonymous Coward 276706


The government numbers don't purely indicate the prices of food and energy prices.

Again I will say I'm skeptical about the 2 or 3% over a whole year. And I really would like to see a food price index besides an index that lists what the government says on average is bought by a person (I'm pretty sure there are to many appliances costs on for example).





GLP