Producer prices of agricultural products up 39.9% in April 2022 year on year (Germany)

DEstatis ^ | 14 June 2022

[Mount Athos]

Producer prices of agricultural products were 39.9% higher in April 2022 than in April 2021. This is the highest rise in prices compared with the same month a year earlier since the survey was first conducted in 1961. {GERMANY}

[TennesseeProfessor]

I have a question: How can housing be up 40%, gas up 40%, and food up 40% yet our inflation is “only” 8.6%?

[pepsionice]

I will attest to the price hikes.

For what I buy on Saturdays at the local German bakery...since Nov 2021, there’s been two prices hikes. Originally, I’d pay 6.20 Euro ($6.53) for a bag of items. December, it escalated to 6.87 Euro, and this past Saturday...it went to 7.25 Euro.

Beer is around 20 percent up. Meat is generally 10 to 20 percent up. E-10 fuel went up by 30 Euro-cents but the gov’t relaxed the fuel tax so it went temporarily back down (tax relief ends on 1 Sep).

If you add fuel, electricity, food...for a family of four...it’s an extra 1,500 Euro (a year) across the board for cost.

[Its All Over Except ...]

Zubu Brothers
6/19/22

Western
Populations Must Do More For Ukraine Even If “Costs Of Food & Fuel Are High”: NATO Chief

https://zububrothers.com/2022/06/19/western-populations-must-do-more-for-ukraine-even-if-costs-of-food-fuel-are-high-nato-chief/

2.) Pete Buttigieg calls for new Marshall plan to rebuild Ukraine

5/25/22

https://www.theguardian.com/world/2022/may/20/pete-buttigieg-says-us-backs-new-marshall-plan-to-rebuild-ukraine

In modern dollars this would mean $1 trillion.

[Cathi]

http://www.shadowstats.com/alternate_data/inflation-charts

[Worldtraveler once upon a time]

--- "How can housing be up 40%, gas up 40%, and food up 40% yet our inflation is “only” 8.6%?"

Calculating with political science usually yields a far different result than calculating with basic arithmetic.

My guesstimate -- a cursory reading of data I shan't share here for length and time -- suggests that inflation in the US is around 20 percent, and would require the Fed -- in the example of Paul Volker -- to raise rates rapidly to stem inflation. So the current government solution is to calculate with political science and lie to the public. The media won't fact check in any real way.