With the same money you can now buy less. Wages do not rise as quickly as prices, so inflation reduces consumption. Simple equation but unknown in Frankfurt, where the European Central Bank continues to sink the economy, paving the way for a deep recession. That the consumer spending machine would come to a more or […]
Tag: high cost of living
When inflation subsides: first signs of a slowdown
The Bank of Italy’s survey of inflation and growth expectations for the first half of 2023 gives a first accurate indication: consumer inflation expectations have fallen to 6.4% in 12 months and to 5.3% in 12 months 4 .8% in the horizons of 2 years and between 3 and 5 years, respectively. While selling prices […]
And now the ECB is asking governments to reduce aid for bills
Time’s up for discounts on bills and general help to solve the energy crisis. The call for the phasing out of subsidies came from the head of the European Central Bank, Christine Lagarde. “The rise in wages and the recent fall in energy price inflation” was “aimed to alleviate the loss of purchasing power many […]