Yes, but I’m talking about demand or supply that will met the previous Europe’s exports. The calculations show that those numbers are not met even with the new pipelines, even with more supply and demand. Not sure why this is so hard to understand.
Not sure what part of Russia can build as many pipelines as they need you’re struggling with here. Meanwhile, in the short term Russia is making money hand over fist, so not like they’re hurting in the short term either.
Are you mixing this up to the estimates they have released for 2023?
Consumer prices rose 1.11% in October over the previous month, picking up from the 0.60% increase seen in September. October’s uptick marked the highest reading since March 2015 and was chiefly driven by rising prices for goods and food. Meanwhile, services prices were broadly stable at the outset of Q4.
Inflation increased to 8.1% in October, following September’s 7.4%. October’s reading represented the highest inflation rate since February 2016. Meanwhile, the trend pointed up, with annual average inflation coming in at 6.1% in October (September: 5.7%). Lastly, core inflation rose to 8.0% in October, from September’s 7.6%.
Consumer prices are staying pretty stable. How does that compare with Europe again?
Inflation in Russia has been falling, and it’s now down to 7.5% already.
I’m sorry I didn’t realize you’re unable to comprehend that inflation being down to 7.5% implies there is change over time in inflation.
And of course, we don’t have to talk about annual rates. We can clearly talk about the change in inflation over past 6 months. Change in Russia has been that inflation is dropping and prices are stable. The change in Europe has been the opposite. These are basic facts of the situation.
@varjolintu@yogthos of course it is going up. The Bank of Europe, like most other central banks in the world, have created more money in the last 2 years than in the entiriy of their extenciense up until 2020.
Yeah, that’s sort of the elephant in the room. The west has been printing money like no tomorrow each time there has been a risk of a recession. This goes back at least all the way to the Y2K crisis. They’ve been basically externalizing the problem into the future all this time. Then the pandemic hit and the economic war and all of a sudden printing money doesn’t solve the problem anymore and they don’t know what to do.
Meanwhile, Russia’s been shoring up its economy since 2014 and carefully weaning itself away from the west this whole time so it would be able to survive decoupling. I can guarantee that China’s been doing the same, and these will be the rising economies as western financial system spirals out of control next year.
Nobody said Russia doesn’t have problems, what I keep explaining to you is that Russia is much better off relative to Europe. I get that basic facts like food and energy security are really hard for you to wrap your head around.
Not sure what part of Russia can build as many pipelines as they need you’re struggling with here. Meanwhile, in the short term Russia is making money hand over fist, so not like they’re hurting in the short term either.
No, I’m not. I’m talking about month by month inflation. Here’s another breakdown for you https://www.focus-economics.com/countries/russia/news/inflation/inflation-comes-in-at-highest-level-since-february-2016-in-october-0
Consumer prices are staying pretty stable. How does that compare with Europe again?
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I literally said inflation is down to 7.5%:
I’m sorry I didn’t realize you’re unable to comprehend that inflation being down to 7.5% implies there is change over time in inflation.
And of course, we don’t have to talk about annual rates. We can clearly talk about the change in inflation over past 6 months. Change in Russia has been that inflation is dropping and prices are stable. The change in Europe has been the opposite. These are basic facts of the situation.
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Are inflation and cost of living rate in Europe going up or down right now?
@varjolintu @yogthos of course it is going up. The Bank of Europe, like most other central banks in the world, have created more money in the last 2 years than in the entiriy of their extenciense up until 2020.
Yeah, that’s sort of the elephant in the room. The west has been printing money like no tomorrow each time there has been a risk of a recession. This goes back at least all the way to the Y2K crisis. They’ve been basically externalizing the problem into the future all this time. Then the pandemic hit and the economic war and all of a sudden printing money doesn’t solve the problem anymore and they don’t know what to do.
Meanwhile, Russia’s been shoring up its economy since 2014 and carefully weaning itself away from the west this whole time so it would be able to survive decoupling. I can guarantee that China’s been doing the same, and these will be the rising economies as western financial system spirals out of control next year.
@yogthos I hope you are wrong
we’ll see soon enough
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Nobody said Russia doesn’t have problems, what I keep explaining to you is that Russia is much better off relative to Europe. I get that basic facts like food and energy security are really hard for you to wrap your head around.