Interesting statistic. Most (approx. 75%) of the price increase happened before the Russian invasion of Ukraine, and currently the prices are falling again.
That’s right, Europe was already in a severe crisis that the current economic war is making worse. If you think that prices falling is a long term trend then send me a DM cause I have a bridge to sell you.
Lets see, but this is a global issue, not one specific to Europe. And it would be nice if you could post less misleading head-lines next time.
The issue that’s specific to Europe is loss of cheap energy from Russia. Industry is obviously affected by lack of cheap energy because it makes input costs for production go up. And of course global economic problems contribute to the problems that Europe has, however it’s misleading to conflate the two problems.
I’m also not sure what part of the headline you’re claiming to be misleading. It’s literally taken verbatim from the report.
75% of the change happened before the Russian invasion. And even after March 2022 the Russian gas supply was not stopped significantly for some more months thus bringing it up to like 85%-90% probably. And of the remaining actual impact it dropped off again by nearly 5% in recent weeks.
So very clearly you are conflating the two things, with the stop of Russian gas exports contributing only a relatively minor amount to the increase in industrial prices between October 2021 and 2022.
And it is always possible to take a quote out of context and put that as a misleading headline to push one’s agenda as you are clearly doing here.
I’m not conflating the two things. I’m saying that there was already a severe problem before the economic war started, and it’s pretty clear to me that now the problem is worse because there’s a new factor.
There is absolutely nothing misleading about stating the plain fact that the industrial inflation in the EU was 30.8% in October. Seems to me that you’re the one trying to push the agenda that lack of access to cheap energy is not a serious problem for Europe.
To put this number into context:
30% inflation only on non-energy industrial goods,
Overall inflation is 10%,
Same source. Nov. 22.
How do they even calculate this “overall inflation”? In the supermarket many things have doubled in price, energy is way more expenaive, so whats actually left to pull the average down?
Nothing new here… The daily dose of negative Eu propaganda from Yogthos projecting apocalypse but in reality just their psyops…
TIL linking an article from the official website of the EU is anti-EU propaganda
some real galaxy brain logic there :)
