Maximus wrote:Pyrpolizer wrote:Maximus wrote:Get Real! wrote:Time to pay the piper…
“Cost of living CATASTROPHE: Britain faces double-digit inflation for first time in 40 YEARS”
https://www.dailymail.co.uk/news/articl ... -soar.html
Not much to do with the situation in Ukraine
More to do with the money supply in circulation.
Won't the situation in Ukraine add up to that?
All inflation can be brought under control by raising interest rates.
The problem here is that major central banks have been printing money like crazy for years now
Add supply chain issues from covid, add more money chasing fewer goods, and you have massive amounts of inflation.
I dont see the situation in Ukraine having a massive affect on inflation in the western world, it will add to it but not that significantly.
Most of this inflation is due to other factors
Then your conclusionability is crap.
I dont see the situation in Ukraine having a massive affect on inflation in the western world, it will add to it but not that significantly.
Was what you said. The inflation has not yet had the effect from Ukraine crisis but judging by the resources hikes in price it will have a huge effect unless the somehow the price for oil and gas falls in the next few weeks.
