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  • Euro area annual inflation up to 8.1%

    From ec.europa.eu

    Euro area annual inflation is expected to be 8.1% in May 2022, up from 7.4% in April according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in May (39.2%, compared with 37.5% in April), followed by food, alcohol & tobacco (7.5%, compared with 6.3% in April), non-energy industrial goods (4.2%, compared with 3.8% in April) and services (3.5%, compared with 3.3% in April).

Added at 5:22am

  • Euro zone inflation hits yet another record high as food and energy prices soar

    From cnbc.com

    Prices in the euro zone continued their march higher in May, hitting a record high for the seventh month in a row. Inflation came in at 8.1% for the month, according to preliminary figures from Europe’s statistics office Tuesday, up from April’s record high of 7.4% and higher than expectations of 7.8%. It comes after inflation prints from several major European economies surprised to the upside in recent days. German inflation (harmonized to be comparable with other EU nations) came in at an annual 8.7% in May, preliminary figures showed on Monday — significantly outstripping analyst expectations of 8% and ... (full story)

Not a problem... just keep QE, inflation is transitory. =)))))
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Bad news for Euro. I don't know why it's green on FF. Actually, I do, but sell EUR.
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Just sell euro it is break a important Trend line in 4Haur chart it makes a bearish pennant in 4haur time frame
ZONE INFLATION UP TO 8.1% (PREDICTED: 7.4%)

The best they can continue to print more money and sanctions Russia harder.

European union done here, only smart nations must withdraw ( following UK) if they want to survive.

With this Euro zone inflation hits yet another record high same goes to food and energy prices will soar.
The price of living is sky rocketing.........


She even donno what she's doing.
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This is what happened when you put criminal to run your economy.

Madam Christine Lagarde is a convicted criminal.

She was found guilty of negligence in a multi-million dollar case in 2016 but avoided jail and a criminal record because of her public standing.


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Quoting Pat Chiko
ZONE INFLATION UP TO 8.1% (PREDICTED: 7.4%) The best they can continue to print more money and sanctions Russia harder. European union done here, only smart nations must withdraw ( following UK) if they want to survive. With this Euro zone inflation hits yet another record high same goes to food and energy prices will soar. The price of living is sky rocketing......... She even donno what she's doing. {image}
Cause they dont have inflation issues in UK?
Quoting Banditten
{quote} Cause they dont have inflation issues in UK?
Quoting Banditten
{quote} Cause they dont have inflation issues in UK?
I did not stand with anything, but economic facts. (I'm from Malaysia)

The UK, US, EU, etc., are battling with inflation now.
Zimbabwe has no special place in the world to have not such.

Not trying to make this political.
I speak on an economic point of view and I represent non.

And food inflation is 6.7% in UK due to the worldwide pandemic, transport/energy costs, and war in Ukraine.

Great news is this is 2.2% lower than the 8.9% food inflation figure across the EU

The inflation forces hitting are :
-the UK are Brexit, the war in Ukraine, gas and oil
-the EU are gas and the war in Ukraine

UK must be lucky to have left the EU

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Quoting Pat Chiko
{quote} I did not stand with anything, but economic facts. (I'm from Malaysia) The UK, US, EU, etc., are battling with inflation now. Zimbabwe has no special place in the world to have not such. Not trying to make this political. I speak on an economic point of view and I represent non. And food inflation is 6.7% in UK due to the worldwide pandemic, transport/energy costs, and war in Ukraine. Great news is this is 2.2% lower than the 8.9% food inflation figure across the EU The inflation forces hitting are : -the UK are Brexit, the war in Ukraine,...
Maybe you should concentrate on the Malaysian economy and politics. Food inflation is not the key issue here.

"UK inflation soared to 9% in April – its highest level for more than 40 years – as the rising cost of gas and electricity pushed household energy bills to record levels."
https://www.theguardian.com/business...-than-40-years
Quoting TraderTero
{quote} Maybe you should concentrate on the Malaysian economy and politics. Food inflation is not the key issue here. "UK inflation soared to 9% in April – its highest level for more than 40 years – as the rising cost of gas and electricity pushed household energy bills to record levels." https://www.theguardian.com/business...-than-40-years
Why should I focus on Malaysia Economy. Am I the Prime Minister of Malaysia ?. and I don't live there now, only back once while.
Quoting Robert1991
Not a problem... just keep QE, inflation is transitory. =)))))
Hire this man to the ECB!!
Any country who put criminal to run economy will be in trouble..

Watch out
Quoting TraderTero
{quote} Maybe you should concentrate on the Malaysian economy and politics. Food inflation is not the key issue here. "UK inflation soared to 9% in April – its highest level for more than 40 years – as the rising cost of gas and electricity pushed household energy bills to record levels." https://www.theguardian.com/business...-than-40-years

Why do I care and non issue to me.

UK Inflation - I don't care, that's Boris problem.

EU Inflation - still not my problem ,let the EU so call leader seek American next instruction.

Malaysia Inflation - let the country Finance Minister figure it out
Quoting Pat Chiko
{quote} I did not stand with anything, but economic facts. (I'm from Malaysia) The UK, US, EU, etc., are battling with inflation now. Zimbabwe has no special place in the world to have not such. Not trying to make this political. I speak on an economic point of view and I represent non. And food inflation is 6.7% in UK due to the worldwide pandemic, transport/energy costs, and war in Ukraine. Great news is this is 2.2% lower than the 8.9% food inflation figure across the EU The inflation forces hitting are : -the UK are Brexit, the war in Ukraine,...
Not trying to be political? try read your posts and your political bias is all over it.

Anyway, why is it that it is better to have inflation in the UK than in EU? It doesnt hurt in the UK because they are no longer part of EU is that so?

I am by no stretch a big fan of Legarde but honestly I think she has a much more difficult job than other central bankers. She has to balance the economic situation in different member countries all with different economic situations. What may be best for Germany is definitively not neccessary best for Greece and Spain.

Should they have responded to inflation before? Looking in hindsight the answer is obvious. But as the true geniouses we all are here in FF we are well positioned in the right pairs I suppose.
Quoting Banditten
{quote} Not trying to be political? try read your posts and your political bias is all over it. Anyway, why is it that it is better to have inflation in the UK than in EU? It doesnt hurt in the UK because they are no longer part of EU is that so? I am by no stretch a big fan of Legarde but honestly I think she has a much more difficult job than other central bankers. She has to balance the economic situation in different member countries all with different economic situations. What may be best for Germany is definitively not neccessary best for...



When you take a step back and realize, from her interview, that she's really saying that she has no idea, nothing good can come out of it. Aside from the devaluation of the treasury's liabilities.


For this interview, she doesn't have a slightest idea on how to handle it...
All you can hear, she was saying :

Watch the video.
It is clear she does not believe what she is saying.
Politics on display.
" Inflation will come down, in due course (how ?)...it will come down (how ?)...it will....yes, (how?) it will come."
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Her face tells it all.
She does not know either!



The funny part is she trying to convince the interviewer on the hump..... yeah hum and dump;
You should watch the video, it's funny better then any TV show
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Does no one understand that they are literally “believe it till you make it” this whole situation?
If anyone thinks that they know how to fix this gigantic tsunami of shit that is coming then they are delusional.

THEY DO NOT HAVE IT UNDER CONTROL.

At least She is honest that they don't have any clue about what they are doing.


She will be down before the inflation.
She knows she wont have to deal with the consequences, she'll be long gone.

Times must be tough for her - looks like she had to pawn her Hermes scarf.
Obviously it is not under control. But that goes for the entire world. No one has it under control. Thats just how it is. We have to deal with it. But I dont think EU is much worse off than many other countries. Because of some issues in the financial setup in the Euro area there can prove to be issues in raising the interest rates but I dont see we are there just yet.

And, yet again, the inflation will be transitory because:

1. Soon the war will hopefully be over and we will again allow Russia to trade with us (especially the products that we need badly). This is in the interest of both parties. So although it looks unlikely now I think thats whats going to happen.

2. China is hurting badly from its Covid measures and will be forced to reopen to a greater extend.

3. The interest rate hikes and the current inflation will lower demand and dampen the economy.

There are probably many other arguments and just as many arguments that inflation will keep increasing. Only time can tell.
Quoting Banditten
{quote} Not trying to be political? try read your posts and your political bias is all over it. Anyway, why is it that it is better to have inflation in the UK than in EU? It doesnt hurt in the UK because they are no longer part of EU is that so? I am by no stretch a big fan of Legarde but honestly I think she has a much more difficult job than other central bankers. She has to balance the economic situation in different member countries all with different economic situations. What may be best for Germany is definitively not neccessary best for...
Seems u have missed the point of what he was saying. The UK is far better off from been separate from europe as the UK has the guts to actually raise interest rates. Europe just is all talk and NO action - europe is just following japan in NOT raising interest rates and still doing QE
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Quoting Pat Chiko
This is what happened when you put criminal to run your economy. Madam Christine Lagarde is a convicted criminal. She was found guilty of negligence in a multi-million dollar case in 2016 but avoided jail and a criminal record because of her public standing. {image}
If you read the full article, it's clear that the core inflation figures are much higher in the US and UK - 6% vs 3.5% in the EU:
''So the underlying inflation pressures in the euro area have certainly firmed, which is why we do think they will normalize pretty rapidly, but they are not running at the same kind of levels that we are seeing in the U.S. and the U.K., where core inflation is running at about 6% and where the central banks — or the Fed in particular — needs to take a more decisive approach to tightening policy than the ECB.''
Banditten - Is it really in the interest of both parties? At this point, there seems to be a lot of doubt in that. Europe left itself vulnerable energy wise and it was warned over and over on this issue but some powerful people had their fingers in the pie. It needs to move fast now to get out of this mess.
Quoting Sennerd
Banditten - Is it really in the interest of both parties? At this point, there seems to be a lot of doubt in that. Europe left itself vulnerable energy wise and it was warned over and over on this issue but some powerful people had their fingers in the pie. It needs to move fast now to get out of this mess.
Agree the EU believed too much and forgot the risk. Question I am starting to ask myself is when is this too much? When will it hit the economy so hard that the sanctions will turn EU citizens against them?

Unfortunately, what we also see is that some parties are willing to take all the cheap oil and gas they can get their hands on. So it might really hurt ourselves more than it hurt the Russians. No doubt they are feeling the pressure but so are we. When people start losing jobs etc. because of the changes in the economy the sanctions will lose in popularity.
Quoting jordanvic
{quote} Hire this man to the ECB!!
Thanks )) I have 1 vote. Anyone else? )
Quoting Steven1
{quote} Seems u have missed the point of what he was saying. The UK is far better off from been separate from europe as the UK has the guts to actually raise interest rates. Europe just is all talk and NO action - europe is just following japan in NOT raising interest rates and still doing QE
That's why everything is f... up, because of hope. If just wait and hope, nothing good will come out of it.
Quoting Banditten
{quote} Agree the EU believed too much and forgot the risk. Question I am starting to ask myself is when is this too much? When will it hit the economy so hard that the sanctions will turn EU citizens against them? Unfortunately, what we also see is that some parties are willing to take all the cheap oil and gas they can get their hands on. So it might really hurt ourselves more than it hurt the Russians. No doubt they are feeling the pressure but so are we. When people start losing jobs etc. because of the changes in the economy the sanctions will...
I think you are right. Economically, the EU and the UK are looking incredibly vulnerable but Ukraine and Transnistria will hang over them if they are not resolved. Europe as a whole has few resources so it needs the vision and urgency to get on with a new economy. It was going to be tough enough but it's plan B now has major problems. Make or break time but EU and UK spending is surely going to skyrocket.
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