Citi says apocalyptic hyperinflation is coming, Germany’s central bank agrees

Chaos.news ^ | 8/25/22 | Ethan Huff

[cgbg]

“A spike of 18% is not “apocalyptic”.”

Correct.

True hyperinflation is accelerating inflation (often an exponential function)—so high inflation that fluctuates in different directions (like we have now) is not hyperinflation.

[fr_freak]

A spike of 18% is not “apocalyptic”.

Just give it time.

[dljordan]

It doesn’t have to be this way.

[Tilted Irish Kilt]

Prepper Ping - European Inflation Shock (Possible 18% inflation expected)
Inflated costs mostly in utilities and fuel/ energy

“For the first time in nearly 50 years, Great Britain’s inflation rate is expected spike beyond 18 percent, according to a dire new report from Citi.
Benjamin Nabarro, the chief UK economist at Citi, told clients at the start of the week that the bank expects CPI inflation to reach 18.6 percent by January,
in part due to soaring electricity and natural gas costs. (Related: The UK’s hyperinflationary track started to really become noticeable last year.) “

“Our latest estimate, updated for the further 25 percent and 7 percent rally in UK gas and electricity prices last week,
points to a further upside shift in UK inflation,” Nabarro said.
“Accounting for these developments, as well as updating our own weights for CPI / RPI and honing our own accounting for curve backwardation, we now expect CPI inflation to peak at over 18 percent in January. RPI inflation, we think, will peak at over 20 percent.” (Emphasis mine)

[metmom]

A loaf of bread for a day’s wages, eh?

[Vaduz]

Biden and company say our apocalyptic hyperinflation is bigger than theirs still winning.

[blam]

UMich Inflation Expectations Ease Further, Consumer Sentiment Bounces Off Record Lows

[Diana in Wisconsin]

I’m canning as fast as I can! :)

[Chgogal]

Brought to you by Biden's and Obama's (via Susan Rice) War on Energy! Without our brilliant Anti-American Fascist POTUSes there would not have been a Ukraine War. Without our Anti-American Socialist Banana Republic POTUS Biden we would not have this inflation.

Ladies and Gentlemen at best a deep recession at worst a depression faces us.

[Roman_War_Criminal]

Quite possibly if the spending doesn’t stop