It has become inflation histeria. It's almost as if companies that haven't raised the prices yet are feeling like they have to move with the band wagon of increases or face the wrath of the shareholders, even if some of them secretly only have minor or no extra costs.

I have had multiple increases and some of my friends in different countries tell the same story. The companies cannot really explain it, but they're trying to justify it through bs arguments. A few from my friends:

Electricity bill: way up because it was more expensive some months ago (but hey let's forget it has bottomed again, let's follow the most expensive imagined price on the global market to keep it up).

Internet: increased general costs (unspecified, but hey band wagon).

Mobile internet: We're paying more for some bs maintenance so we felt like raising it. The time is right.

Water: we're forced to increase by 20 percent. Not even an explanation, simply an increase.

Heating: of course it's up, even if it doesn't use oil, gas or electricity in any substantial amounts or is based on completely renewable energy.

Insurance: our costs are greater and we have to raise the price.

Goods & Services:

"People are buying too much from us, so we have to raise the price, not enough to go around" Supply/Demand you know.

"People are not buying enough from us, so we have to raise the price, to cover our costs" Supply/Demand you know.

Food: the price of food globally is up, so we are going to increase our prices domestically, because we prefer to follow the global market, even if the costs for transport in a hypothetical scenario where we would export it, would be very high. "You pay 50% more because the price 10000 miles away are 50% higher and we could export it to them, you know."

Renting: "Of course it is more costly now to rent out an apartment to you, even if you pay utility bills directly to the companies".

Everyone else: "our workers might want higher wages down the road, let's start increasing prices on our products to get ahead of this and fill the war chest".

Politicians: "Prepare for more Inflation!" (ok now that you said it like it's two minutes to tsunami, it definitely WILL come true).

The mass histeria will come true, because we're panicking. We're panicking due to mass histeria. Mass histeria started as a panic reaction.

Sigh.

The energy policies across Europe are insane.

It has become crystal clear now that relying foreign fossil fuel imports from less-than-friendly nations to sustain your economy is not great.

It's ridiculous that there have been no widescale efforts/plans to start building nuclear/solar/hydro/wind plants. Obviously they all have their own massive demerits and for nuclear more than any of the others the building time alone is a big obstacle, so why keep delaying it without acting on this information?

We all knew Russian gas/oil imports weren't coming back anytime soon and Nordstream being bombed only solidified that.

Not to mention the unbridled corporate greed spiraling out of control with no signs of slowing down...

The grind continues. Should’ve bought real estate around the world, instead of whatever you peasants do with your money.

This is the best tl;dr I could make, original reduced by 81%. (I'm a bot)

> BRUSSELS - The head of the European Central Bank said Monday she does not believe inflation has peaked after reaching the highest levels on record.

> ECB President Christine Lagarde also told European lawmakers that the bank isn't through raising interest rates to combat those price spikes.

> That means the central bank will "Continue to tame inflation with all the tools that we have," primarily interest rate hikes, Lagarde told the European Parliament's Committee on Economic and Monetary Affairs.

Extended Summary | FAQ | Feedback | Top keywords: inflation^#1 Bank^#2 Lagarde^#3 rate^#4 energy^#5

Should we blame Biden????

Only so much you can squeeze before liquidity of normal people decide to stop spending on anything but food, shelter, minimal essentials. The rest of the market then folds as it was built upon consumption.

Just rise it into 500 point, it would more than enough to kick the inflation back down

Well if you impose sanctions on Russia and cause the price of oil and gas to increase what do you expect except price rises and inflation. How do you fix it ? Increase interest rates. Now people have less money from paying higher for gas petrol food and interest and a recession takes place. And all because you took sides with the Ukraine who was your minor trade partner against one of your major trade partners ( Russia) What a price to pay for freedom and the moral right.