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Reply to "Why has inflation hit the US more than Europe? "
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[quote=Anonymous]Inflation was a lot worse in Europe in the last few years, but the baseline was different. The things you mention were already a lot cheaper in Europe before inflation. Grocery prices have risen tremendously in Europe, by larger percentages than here. But the baseline was already a lot cheaper than US, so it is still cheaper. And comparing bakery prices...there is so much competition in France for fresh baked goods, with a boulangerie on every block in addition to grocery stores. There are price wars on bread among the major chains, because it gets people in the door to make other purchases. Americans don't care about bread or croissants. They are frivolous purchases, not staples.[/quote]
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