In Germany, where some of the government’s inflation subsidies expired, inflation spiked to 10.9% from 8.8% in August. Nine of the 19 Eurozone countries had inflation of 10% or more, including the three Baltic countries, at over 22%.
The fact that inflation began spiking in mid-2021, shooting past the ECB’s target of 2% in July 2021, and hitting 3% in August 2021, while the ECB called it “temporary,” shows that the same dynamics were at play as in the US: The inflation dam had broken, and suddenly inflation was washing over the land, and all inflation-heck was breaking loose.
Energy costs are still the big driver (+40.8%), but price spikes have spread across the economy to other goods, and even to services. Services inflation jumped to 4.3% in September, up from 3.8% in August.Eurozone Inflation Spikes to 10%, Ex Energy 6.4%. Germany 10.9%. From Temporary Inflation mid-2021 to Runaway Inflation | Wolf Street
Biden is blaming Russia for inflation and high energy costs, but US foreign policy under both Trump and Biden consists of not allowing Venezuela, Iran and now Russia from selling any oil or gas to anyone globally.
Guess what happens when you limit supply and increase demand? HIGHER PRICES.
All of this is happening ON PURPOSE and with INTENTION, just like blowing up the multiple gas pipelines going from Russia to the EU.. It is all about forcing the world to import HIGH PRICE OIL AND GAS from the US, and not from competitors, like Iran, Venezuela, or Russia.