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Reply to "Why has inflation hit the US more than Europe? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We visited Italy, France and Monaco this summer and I was surprised that the prices overall were significantly less than the US. Hotel rooms are definitely cheaper, the cost of food is significantly cheaper : a good croissant in Paris is 1.20 euros vs $5-$6 here at a comparable bakery. A scoop of icecream in Venice and Monaco is 3 euros vs $6-$7 here. Restaurant food is almost half the price in Europe when you account for taxes and tips in the US ( not to mention you get better tasting food there). I get the Covid stimulus packages passed in the US contribute to inflation but many European countries also passed those. Why has inflation hit the US much harder? [/quote] Inflation hit Europe harder! The dollar is really strong now so the exchange rates make it cheaper for Americans.[/quote] Thank you. This is a huge factor. [/quote]
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