I can top that...

But that 7.5% figure in the USA does not include energy? Im pretty sure that does, so im comparing apples to apples.



This post was edited by SBD on Nov 14 2023 11:46am

The overall inflation rate which includes everything, from food over clothes and electronics to energy, stood at 7.5% in the US in Jan22 while it stood at 5.1% in the Eurozone and Canada. In most of the rest of the OECD (SK, JAP, AUS etc.), it was even lower. (The OECD average is heavily skewed by a single outlier, namely Turkey's 48% inflation rate...)

It's not that hard, man...

This post was edited by Black XistenZ on Nov 14 2023 12:22pm

XistenZ


Wtf is a eurozone and who cares. Let’s be a bit more specific

US September 2022 core high - 6.6%
Current 4.03%, long term average 3.68

Germany June 2023 core high - 5.8%
Current 4.3%, long term average 1.62%

Canada July 2022 core high 5.5%
Current 3.2% , long term average 3.55%

UK may 2024 core high 6.5%
Current 6.1% , long term average 1.9%

France April 2023 core high 6.3%
Current 5.0%, long term average 1.48%

All data per ychart and tradingeconomics as sources, they were both within 0.25% for all values but mostly the same

Using Asian numbers is moronic, Japan especially, even more moronic when trying to compare first world inflation problems. Their case has been unique to the rest of the first world, for the worse, for the last 20-30years

And I included a few of Europe’s major economies not the shit tier ones


Canada > US > Germany >France >UK

In fact Europe is doing terrible and this is core so energy excuse is excluded, Germany a bit better and more on par with US

Of course that’s in regards to inflation goal being 2%. As much as it is the US goal, We are just better consumers compared to the rest of the world. so our actual longer term inflation rate of 3.6 we are already close to

Gg, America wins (well, still rlly Canada)

Jerome Powell Nobel prize tho



I can’t remember the covid stats country to country but in regards to
Who won the economic fight comparing country to country US and Canada have won. Too many dumb America haters, whom are mostly American smh

Canada actually will be easing before the US. This is your actual leading indicator to rate cuts in the US.


This post was edited by Bazi on Nov 14 2023 12:33pm

- The Eurozone is the economic region which uses the Euro as its currency.

- Peak inflation numbers, as well as current numbers, in most of Europe are due to the disproportionate impact of the war on Ukraine on these economies since they relied far more heavily on Russian energy supplies than other countries. Hence, it's not really feasible to draw a fair connection between fiscal/economic policy and inflation rates beyond January 2022. Note that energy prices affect everything else, including electricity bills of retailers or costs along the logistics chain. Therefore, even the goods and services on which core inflation is based are still affected to some degree by surging energy prices.

- Japan might be an outlier, but other OECD economies like South Korea, Canada and Australia are a fair comparison for the US.

- I wouldn't frame it as Americans being "better consumers" than the rest of the world, I would frame it as "being more willing to spend money they don't have". Credit card debt and the national debt are exorbitant in the US.

This post was edited by Black XistenZ on Nov 14 2023 01:08pm

1st point, ok I still don’t care about 2nd class countries

2nd point, you can argued core is flawed, regardless of that metric there isn’t a metric out there core , cpi, etc to suggest European central bankers were superior. Nothing short of the word disaster should describe UKs current numbers

3rd point , feel free to add South Korean and Australian core high, current , and longer term average to the mix

4th point , I didn’t say more fiscally responsible. I said better consumer. These are not mutually exclusive

Fuck what an amazing president

he spends 20 minutes with Xi and all of a sudden Xi agrees to do whatever Biden wants, good thing Biden only wants to help the people and stop Fentanyl.

Fucking god damn what a great president.

Sorry, Canada over publishes with the exact same page with a slightly different name.

https://www150.statcan.gc.ca/n1/daily-quotidien/230117/dq230117b-eng.htm 6.8% but its average annual CPI

Bidenomics are underwater even with Democrats, lmao!
How out of touch do you need to be to tell 86% of the country that they're morons too stupid to realize the awesomeness of their economic situation?



OG source: https://www.ft.com/content/c17c35a3-e030-4e3b-9f49-c6bdf7d3da7f
Source without paywall: https://themessenger.com/politics/just-14-of-voters-say-they-are-better-off-financially-under-biden-poll

This post was edited by Black XistenZ on Nov 14 2023 03:45pm