[AndyJackson]

Unless you're buying something denominated in Euros, looking at the exchange rate is silly.

Oh wise master, how insightful of you. Now how about all the stuff that we do buy that is priced in Euros? Like wine and cheese and moosemeat.

[Toddsterpatriot]

Oh wise master, how insightful of you.

Thank you.

Now how about all the stuff that we do buy that is priced in Euros? Like wine and cheese and moosemeat.

What about it? If 10% of your purchases are priced in Euros and the Euro goes up 5%, your inflation rate is 0.5%, not 5%.

Anything else I can help you with?