Reply to Why has inflation hit the US more than Europe?

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[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]

1. If you’re paying 5-6 dollars for a croissant or $6-7 dollars for a scoop of ice cream in the US you’re drastically overpaying. Normal Americans are paying half of that (and probably getting better quality products.)

2. The Euro used to be worth 1.3-1.4 dollars and post Covid has been 1.06-1.10 so you’re getting a great deal when exchanging dollars to buy things in Euros.

3. Proportionally there are a lot more wealthy Americans who are willing to overpay for products and drive prices up[/quote]

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