ER Editor: Readers may also be interested in this FreeWest Media piece titled Inflation in the Netherlands rises to almost 12 percent.
Consumer prices and inflation rising sharply throughout Europe
MICHEL VAN DER KEMP
Skyrocketing global energy prices as a result of the sanctions are making inflation go through the roof in all major European economies.
The cost of seeing Vladimir Putin as an eternal enemy comes with a big price tag for European citizens. At the close of the first quarter of 2022, all major European economies are seeing a dramatic rise in inflation rates. The prominent culprits are exorbitant fuel prices due to the sanctions placed on Russia, and disrupted supply chains that had already been hit by COVID-19.
The Dutch inflation rate especially saw a huge spike in March. Their 11.9 percent is the highest inflation since the oil crisis in 1975. Other countries are seeing inflation rates that go back to the 1980s.
The French show that inflation can be somewhat dampened if governments are willing to take action. The French government placed caps on gas and power price increases to soften the blow for households. These caps are part of a package worth over 25 billion euros. But even such a package is likely to see further inflation increases.
As Rob Kapito, president of BlackRock says:
“Inflation is coming for us all, but it’s about to hammer an ‘entitled generation’. For the first time, this generation is going to go into a store and not be able to get what they want. And we have a very entitled generation that has never had to sacrifice. I would put on your seat belts because this is something we haven’t seen.”
Germany’s consumer price index rose 7.3 percent year-on-year. Similar high inflation rates have not been recorded since the autumn of 1981, as a consequence of the first Gulf war.
Germany’s Inflation April 2021-March 2022
Germany’s Consumer Price Index (CPI) April 2021 – March 2022
British inflation jumped to a 30-year high of 6.2 percent in February. The Bank of England expects the inflation to peak around 8% this year.
United Kingdom Inflation March 2021 – February 2022
United Kingdom Consumer Price Index (CPI) March 2021 – February 2022
Dutch inflation rose to 11.9 percent in March. According to the Central Bureau for Statistics “[t]he last time inflation was this high was during the oil crisis in 1975.”
Dutch Inflation April 2021 – March 2022
Dutch Consumer Price Index (CPI) April 2021 – March 2022
Belgium’s yearly inflation rate climbed to 8.3 percent in March, the highest in the country since 1983, as reported by Statbel, the Belgian statistical office, on Wednesday.
Belgian Inflation April 2021 – March 2022
Belgian Consumer Price Index (CPI) April 2021 – March 2022
French inflation rose to 4.5% in March, which is lower than in other major European economies. The French implemented a government imposed cap on gas and electricity prices, which should shelter French consumers. Still, the inflation is the highest since the 1980s.
French Inflation April 2021 – March 2022
French Consumer Price Index (CPI) April 2021 – March 2022
Spain hits 9.8 percent inflation in March, which is the highest since May 1985 according to the national statistics office.
Spanish Inflation April 2021 – March 2022
Spanish Consumer Price Index (CPI) April 2021 – March 2022
Inflation in Italy rose to its highest level since early 1990s. Data from the statistical office Istat showed inflation had risen to 6.7 percent.
Italian Inflation April 2021 – March 2022
Italian Consumer Price Index (CPI) April 2021 – March 2022
Austria’s consumer price inflation of 6.8 percent in March increased to the highest level since November 1981.
Austrian Inflation April 2021 – March 2022
Austrian Consumer Price Index (CPI) April 2021 – March 2022
Polish inflation was 10.9 percent in March. According to Jakub Rybacki, analyst at the Polish Economic Institute (PIE) “[i]nflation will be double-digit for the rest of the year.”
Polish Inflation April 2021 – March 2022
Polish Consumer Price Index (CPI) April 2021 – February 2022
* March 2022 wasn’t available yet at time of publication
All data taken from tradingeconomics
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@Media Agreed, the graphs speak for themselves. The start of the corona-pandemic served in my opinion as cover for the big bailout that banks were given. I think there’s just two options. 1. Another bailout to kick the can down the road; 2. let it crash with disastrous consequences.
I think they go for option 2 this time… after all a Mr. Schwab called for it.
The charts clearly show that this MANUFACTURED HYPERINFLATION started long before the MANUFACTURED war in ukraine.
Yet, they still try to pin their own crimes on Putin…
We know who are the culprits for the covid coup and for their latest planned crisis:
the globalists, rothschild & co, the puppet regimes of the west and their Davos masters…
And the media whores of course
Well, I suggest that the triple jabbed morons, covid cult zombies and brain dead ‘i stand for puppet zelensky’ idiots use Urainian flags as fuel for the next winter and continue to believe that all these crimes committed against them were due to ‘covid’ or Putin…
The cowards, sheeple and cattle who didn’t fight against the covid global coup deserve what they get.
I am sorry for those who fought and are still fighting, but most likely they knew it was coming and have prepared.