What is Core Inflation and Why Doesnt It Include Food and Energy?
Pure unvarnished truth which covered the real inflation rate of 15 percent a year for food in recent years.
If you do food inflation by itself...from the 2nd half of 2013 to the end of 2017...French food inflation rates were hovering between .75 to 1.25 percent. This year, 2018...they peaked near 2.8 percent in the summer period. You can walk into any grocery in France (or Germany) for that matter, and see regular in-country fruit/vegetables at hefty rates compared to five years ago.
If you ask any French/German housewife to go over budget issues in 2018...they will all say that their grocery bills are up 15 to 20-percent compared to 2016. A lot of this relates back to the drought period of the 2018 summer. Course, the insiders to the Macron system don’t see that problem and can’t comprehend the suffering to working-class people.