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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Farmers in the EU are heavily subsidized so the price of actual groceries are cheaper. Also, salaries are lower so restaurant prices are lower. Add to that a very favorable exchange rate for the U.S. and it can seem cheap to us. But compared to European salaries, it’s not cheap. [/quote]

This. Europeans are relatively poor. Mississippi has a higher gdp per capita than all but a handful of European countries and the gdp per capita for the UK is roughly the same as Mississippi (the poorest US state). [/quote]

Interesting. I had to look that up and compared the different countries of Europe to Mississippi. I had no idea.

[/quote]

When considering purchasing power parity and inequality, median UK is 20% richer than median Mississippi.

https://www.forbes.com/sites/amesbrown/2018/04/03/tax-reform-college-endowments/?
[/quote]

This is a poor analysis that the British use. If you adjust for PPP, you can’t use the US PPP and should use the Mississippi PPP. When you do that, Mississippi is ahead again.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics