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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

#241

Post by Cthulhu_ »

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independent of Russia, and not shut down its few remaining nukes in the middle of an energy crisis just to appease an outdated political ideology like an absolu…

Are you a nuclear power lobbyist? How much do you get paid for this post?

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

#242

Post by arlort »

throwaway4good wrote: post #83
davzie wrote: post #3

Probably the only country that is being honest about its inflation amount then.

The source is eurostat which is an EU institution. But yes. I too think the numbers are correct and largely representative of what is going on.

I don't think other countries are lying

But eurostat depends on data being provided by national statistics agencies, so it wouldn't really show

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

#243

Post by puranjay »

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.

Aren't most mortgages in the US fixed rate?

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

#244

Post by cehrlich »

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

Yeah, same in Austria. Energy prices on my provider are going up by 90%, many food items are up 50%+ since the start of the year, and outside of some grumbling in private conversations I've not heard much complaining.

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

#245

Post by teekert »

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

Western European here, I will for sure complain outside my family/friend circle ;)

Not that we have it bad here, compared to others, of course.

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

#246

Post by zeroonetwothree »

mft_ wrote: post #53
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…

Have salaries increased over recent years in line with the increase in money supply? I’ve certainly not seen this, but this is only anecdata. At my (consumer) level, the only obvious effect I can think of has been cheaper interest rates for loans.

They have not. However I would expect it to even out in the near future. Real wages won’t stay down for long.

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

#249

Post by _0w8t »

at0mic22 wrote: post #198
_0w8t wrote: post #156

Earlier quoted context omitted.

It is possible within few years. Most of the gas is used for heating. Switch that to heat pumps. Then for electricity to run those pumps upgrade the existing coal power stations to the latest technology that gives 45% efficiency from the existing stations with 30-35%.

Is it possible to use heat pumps for office buildings or factories for instance?

The only problem is retrofitting older buildings. That is somewhat expensive, but entirely possible especially with ground source heat pumps.

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

#250

Post by ipspam »

dontbenebby wrote: post #185
arguru wrote: post #64

Estonian here, the situation is getting quite bad indeed, particularly when it comes to petrol/energy prices, which of course has the domino effect of driving up other goods and services in the mid to long term. 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. In fact, 10 years ago, two local comedian-act…

>Estonian here, the situation is getting quite bad indeed, particularly when it comes to petrol/energy prices, which of course has the domino effect of driving up other goods and services in the mid to long term. People always focus on the price of gas in America, since it's a large expense and they commute a lot, but no one seems to talk about the effect it has on the prices of anything shipped in a vehicle that use…

Fact check! Gas in Alberta is $1.92/L. There are 3.78L/G(some argue 4l/G)

$1.92*3.78 = $7.26/G

Or $5.79USD/Gallon.

Alberta is the cheapest province for gas. Other provinces are more.

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