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Estonia clocks fastest inflation in the Eurozone at 20.1 percent

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Re: Estonia clocks fastest inflation in the Eurozone at 20.1 percent

#221

Post by tablespoon »

welkj23jOIJ3 wrote: post #146

Inflation is highly manipulated by goverment and is usually 2x lower than real inflation. On the following site you can check the inflation calculated based on the past methods (before 1990): http://www.shadowstats.com/alternate_data/inflation-charts as you can see, inflation calculated using the old method is 2x higher than the current one (8% vs 16%)

> Inflation is highly manipulated by goverment and is usually 2x lower than real inflation.

You just seem to be generically responding to the keyword "inflation."

I would bet this rate is almost completely driven by fallout from a nearby war with a major energy exporter that's resulting in embargoes and boycotts:

> Energy prices continue to have the greatest effect in May, with price advance there jumping from 37.5 percent in April to 39.2 percent in May.

Estonia is quite close to that exporter, and I'd imagine they've been affected more than some other countries.

Re: Estonia clocks fastest inflation in the Eurozone at 20.1 percent

#222

Post by vogre »

jgilias wrote: post #201
vogre wrote: post #167

Earlier quoted context omitted.

Quoted post unavailable.

Nope, I can not, actually. This just doesn't correspond to reality. Name one city that has suffered the fate of Mariupol from US actions. Even NATO bombardment of Serbian cities doesn't come even close to the level of destruction that the Russians are inflicting indiscriminately.

>Name one city that has suffered the fate of Mariupol from US actions

Raqqa, Mosul, TONS of cities during WWII, including Dresden and Tokyo.

Re: Estonia clocks fastest inflation in the Eurozone at 20.1 percent

#223

Post by ajnin »

zen_1 wrote: post #154
tpm wrote: post #106

Earlier quoted context omitted.

Can't confirm Estonia but certainly looks credible for Slovakia (1.35% - mine is 0.9%). But beware those are variable rates, so not fixed over the whole mortgage timespan but like 1/3/5/10 years, with 10 years being unusual and also the highest rate. So a lot of people who took out mortgages with 0.6% fixed for 1 or 3 years will have a hard time as the rates will climb significantly soon.

As someone who's not even thinking of buying a house, do fixed rate, fixed term mortgages even exist? It seems variable rate mortgages, while making financing more widely accessible, have caused their fair share of financial issues/instability.

Seems like it depends a lot on the local practices. Here in France the vast majority of mortgages are fixed rate and term. I'm probably a pessimist but it seems way to risky to take a variable rate, who knows what the future will hold in 15, 20, or even 30 years ?

Re: Estonia clocks fastest inflation in the Eurozone at 20.1 percent

#224

Post by Archelaos »

ChuckNorris89 wrote: post #97
vogre wrote: post #85

Earlier quoted context omitted.

It's easy for small country like Lithuania, but completely impossible for country like Germany. There is not enough gas without Russian one to feed its industry.

>but completely impossible for country like Germany. There is not enough gas without Russian one to feed its industry. Huh, if only they could have invested enough in their local energy sector, through I don't know ... NUCLEAR! , to keep their industry energy independent of Russia, and not shut down its few remaining nukes in the middle of an energy crisis just to appease an outdated political ideology like an absolu…

> NUCLEAR!, to keep their industry energy independent of Russia

The world (EU and US included) is heavily dependent on Russian nuclear imports and technology. Here is an in-depth article on why this is so difficult to overcome:

https://thebulletin.org/2022/05/five-reasons-that-russias-nu...

Re: Estonia clocks fastest inflation in the Eurozone at 20.1 percent

#225

Post by zeroonetwothree »

yodsanklai wrote: post #36

I don't understand inflation. I understand that it's a measure of the price of things, but for me there should be two types of inflations 1. a dilution of money. Let say a central bank injects a lot of new money, then all prices will be higher, but salary will be higher too, and the overall effect is neutral 2. some prices increase due to change in supply or demand (e.g. gas or cereal), but salaries and everything el…

Mathematically if the supply of money stays fixed there cannot be general inflation. Some prices could go up but the overall level of spending must be constant (so buyers would substitute or else other prices would decrease).

Re: Estonia clocks fastest inflation in the Eurozone at 20.1 percent

#226

Post by Cthulhu_ »

BlargMcLarg wrote: post #207
Tade0 wrote: post #168

Earlier quoted context omitted.

> However, in true Estonian fashion, a lot of people (probably majority) might complain within their familily/friend circle, but will mostly just suffer through it. I think this is a generally post-soviet thing.

Eh, this is the attitude in most of Western Europe as well

I mean it's not like we have much of a choice. It's the result of decades of progress, economic development and home comforts as a result of an okayish relationship with Russia and their natural resources, which "suddenly" collapsed (it wasn't actually that sudden).

Re: Estonia clocks fastest inflation in the Eurozone at 20.1 percent

#227

Post by gagaga32221 »

piva00 wrote: post #61
rawbot wrote: post #35

Doesnt' every country calculate their inflation separately? Because living in Germany, that 7% is laughable. Nothing has risen by that little of an amount. Not food, rent, petrol, etc. Well, I do know of something that has risen to less than 7%: salaries.

When I look at the Swedish numbers I feel the same and then I see that prices went down for "photography, audiovisual and computer equipment" and... Nothing else. Fuel is up 40+%, food by 8-10%, housing by 2%, electricity by 30+%. How the fuck do we end up with a normalised rate of inflation of 6-7%?? I do need to do proper research on the models because just using my common sense it doesn't make any fucking sense...

Their "models" don't make any sense at all. All BS.

Re: Estonia clocks fastest inflation in the Eurozone at 20.1 percent

#228

Post by Mvandenbergh »

vogre wrote: post #172
jgilias wrote: post #121

Earlier quoted context omitted.

If it was _just_ getting colonized, that's one thing. The alternative for Baltics is not that benign. See Mariupol, Buchi, Irpin, etc, etc, etc...

Why not see Armenia or even modern Georgia, who don't use aggressive rhetorics on Russia, don't deploy NATO weapons and feel okay?

In the case of Georgia, that must be a definition of "feel ok" that I've not encountered before.

Re: Estonia clocks fastest inflation in the Eurozone at 20.1 percent

#229

Post by BurningFrog »

itsoktocry wrote: post #80
yodsanklai wrote: post #36

I don't understand inflation. I understand that it's a measure of the price of things, but for me there should be two types of inflations 1. a dilution of money. Let say a central bank injects a lot of new money, then all prices will be higher, but salary will be higher too, and the overall effect is neutral 2. some prices increase due to change in supply or demand (e.g. gas or cereal), but salaries and everything el…

> but for me there should be two types of inflations 1. a dilution of money Outside of the fact that "some people say" (generally anti-fed types) that inflation is an increase in the money supply, why is it you think that? In economics inflation has a specific definition: a general rise in the price level. It can be caused by all kinds of things. A rapid rise in the money supply is one. A breakdown in available suppl…

The old Milton Friedman quote is still true, as far as we know:

> “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.”

What has changed it that "the quantity of money" has become much harder to figure out.

> all prices will be higher, but salary will be higher too

Salaries are the price of labor. As other prices go up, there is no particular reason these prices wouldn't do the same.

Re: Estonia clocks fastest inflation in the Eurozone at 20.1 percent

#230

Post by donogh »

BlargMcLarg wrote: post #207
Tade0 wrote: post #168

Earlier quoted context omitted.

> However, in true Estonian fashion, a lot of people (probably majority) might complain within their familily/friend circle, but will mostly just suffer through it. I think this is a generally post-soviet thing.

Eh, this is the attitude in most of Western Europe as well

Agreed; Ireland is very similar
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