Posted on 11/28/2014 12:07:55 AM PST by Berlin_Freeper
The Federal Statistical Office revised October's unemployment number from 6.7% to 6.6%, November's figure was also 6.6%. Both figures were adjusted for seasonal variation.
Meanwhile inflation fell to its lowest rate in nearly five years in November.
Official figures showed inflation dropped to 0.5% in November from 0.7% in October.
(Excerpt) Read more at bbc.com ...
That’s nice.
Is Germany experiencing the same level of labor force attrition as the United States?
Germany no longer has it’s own currency even if they are largely in control of the ECB, so attributing an inflation rate solely to Germany makes about as much sense as citing an inflation rate for California.
Having full control of a money supply is a useful tool for managing an inflation rate but it’s got nothing to do with measuring one.
Think how low they would be if you sent allah the sand people back!
Very good. Now, just how is a distinction being made between Euro inflation in Germany and Euro inflation in, oh, I don't know, let's say Italy?
The same way it’s done everywhere else; make list of everyday items, give them a suitable statistical weight, measure their prices regularly and then express the variation in prices as a percentage to give yourself a rate of inflation.
The fact prices are expressed in euros in Italy and in Germany doesn’t make a jot of difference in determining a local inflation rate.
What’s the California inflation rate, then? Where does one turn for such statistical inference on a US state level?
I don’t know. Have you thought about using the Internet?
Whether one particular place or other bothers to record it’s local inflation rate is irrelevant to the idea that it can be done.
Inflation is merely a variation in prices. The currency they’re expressed in and the geographical range is immaterial. If you could be bothered you could measure the inflation rate of prices at your local mall and compare it to those in the next mall over.
does this mean the Turkish workers have been sent home?
You're very confused.
It may be 30 years since I got my degree in Economics but the concept of price inflation hasn’t changed.
You’re either too dumb to understand it or to fragile to admit your mistake. Either way, I’m not going to spend any more time trying to educate you. Everyone else who passes through the thread will understand the concept easily enough.
You can stick with the bizarre notion that a change in price can’t be measured if some other area uses the same currency to set it’s prices.
BTW Here’s a link to the California Consumer Price Index. I’ll add lazy to ignorant as your characteristics.
http://www.dir.ca.gov/OPRL/CPI/EntireCCPI.PDF
Before you start wailing about CPI not being a measure of inflation...
“The annual percentage change in a CPI is used as a measure of inflation.”
http://en.m.wikipedia.org/wiki/Consumer_price_index
A busy German is a happy German.
I suspect you’re tenured or a government employee if you’ve managed to hang onto employment of any kind.
Under your tenuous definition, Black Friday is deflationary, lol.
http://www.investopedia.com/university/inflation/inflation1.asp
You can measure the local change in prices. Inflation however is NOT the increase in prices. Inflation is the increase in the supply of money, which can only be accomplished by the Federal Reserve in our country.
6.6% unemployment is a new record low for unemployment? WFH? I remember the days when 4% was considered high unemployment in the old West Germany and it would get down as low as 2%.
Given your extensive wisdom, explain to us mere mortals why it doesn’t make any sense for inflation to be measured in Germany if they don’t have control of their money supply.
Tosh.
There is such a thing as money supply inflation (a sustained increase in the supply of money) which *can* lead to price inflation but not necessarily.
That is not what is either commonly referred to as ‘inflation’ either in the media or the conversation of your average citizen. It refers (as it did in the article above) to price inflation.
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