In a market economy, the prices of goods and services can change at any time. Some prices go up, some go down. Inflation occurs when there is a general increase in the prices of goods and services, not just specific items, which means that today you can buy one euro less than you could buy yesterday. In other words, inflation reduces the value of currency over time.

 

Inflation memes

 

1. Actual inflation

 

2. Cereals today

 

3. Me in my 30s

 

When calculating the average price increase, a greater weight is given to the prices of products we spend more on, such as electricity, than to products we spend less on, such as sugar or postage stamps.

 

Each household has its own consumption habits: some own a car and eat meat, others prefer to use public transport exclusively or eat a vegetarian diet. The average consumption habits of the population's households, taken as a whole, determines the weight that different products and services have in measuring inflation.

 

When calculating inflation, all goods and services included in household consumption are taken into account, including:

 

daily items (such as groceries, newspapers and petrol);

durable goods (eg clothing, personal computers and washing machines);

services (such as hairdressing, insurance and housing rentals).

 

All goods and services consumed in households during the year are represented by a "basket" of products. Each product in this basket has a price that may vary over time. The annual inflation rate is given by the price of the entire basket in a given month compared to its price in the same month of the previous year.

 

4. About tax

 

5. UK workers

 

6. Government services

  

7. When you are the inflation

 

The inflation rate in the Eurozone has reached a record level. Unfortunately, the forecasts for the coming months are not good either.

 

According to a survey by the Ifo research institute, in June the estimates of representatives of the retail trade for food and beverages were 98.9 points. The dots indicate the probability of price increases. A value of 100 points would have meant that all surveyed entrepreneurs intend to raise prices. Minus 100 would have indicated a decrease in them.

 

The forecasts are also valid in other trade sectors where the institute's specialists registered 78.6 points. "Thus, the inflation rate will remain high", explained the head of the economic department of Ifo, Timo Wollmershäuser. At the same time, there are indications that the inflation rate "could gradually decline again" this year.

 

In certain sectors of the economy, where production outstrips consumption, points on the intention to raise prices fell for the second time in a row. Among others, there is a chance that prices will be slightly lower in industry, the construction sector and wholesale trade.

 

8. 10 euro now

 

9. Inflation

 

10. Income tax

 

Rising energy prices have pushed inflation to a record high across the Eurozone. According to Eurostat, in June, prices increased by an average of 8.6% over a year. Specialists estimated an inflation rate of 8.4 percent.

 

In June, energy prices increased by 41.9% compared to the same period last year, after having already increased by 39.1% in May. Unprocessed food was 11.1% more expensive last month, and services by 3.4%.

 

It is the highest inflation rate in the Eurozone since the euro monetary system in 1999. Inflation has risen steadily since the summer of 2021. The war in Ukraine and China's tough anti-corona measures have exacerbated the upward trend in prices.

 

"The pressure from the war and the measures to combat the coronavirus could increase even more in the coming months," warns Fritzi Köhler, chief economist of the KfW bank. Thomas Gitzel, representative of the VP bank, sees the situation in the same way: "For now, there are no signs of relaxation. Many product delivery issues will persist for a long time to come."

 

Against the backdrop of current developments, Commerzbank Chief Economist Jörg Krämer believes that the European Central Bank should intervene. "The Eurozone has a massive inflation problem and the European Central Bank would need to intervene decisively."

 

Due to inflation, the ECB announced a change in interest rates. After years of ultra-loose monetary policy of negative interest rates and massive bond purchases, interest rates would be raised by 0.25 percentage points for the first time in more than a decade.

 

11. Gen Z

 

12. Wallet

 

13. Printing money

 

14. CEO pay

 

Inflation continued to grow at an accelerated pace in March in the US, reaching the highest level in the last 40 years, which increases the chances of a new interest rate increase by the Federal Reserve, reports Reuters.

 

The data on the consumer price index, published on Tuesday by the Department of Labor, show that in March compared to February, prices increased by 1.2%, the largest jump recorded since September 2005. On an annual basis, consumer prices have registered a jump of 8.5%, the largest increase in annual rate since December 1981. In addition, it is for the sixth consecutive month that consumer prices in the US register an annual jump of over 6%, writes Agerpres.

 

The Department of Labor stated that gasoline prices increased by 18.3% compared to February and were responsible for more than half of inflation. According to the American Automobile Association (AAA), the average price of gasoline reached an all-time high of $4.33 a gallon (a gallon is equivalent to 3.785 liters) in March. Even if gasoline was the main factor behind last month's inflation, the prices of food and services also had an important contribution.

 

Russia is the world's second largest exporter of crude oil. The US has banned imports of oil, liquefied natural gas, natural gas and coal from Russia as part of a wider package of sanctions imposed on Moscow after its invasion of Ukraine. In addition to rising gasoline prices, the war in Ukraine, now in its second month, has also caused a global increase in food prices because Russia and Ukraine are major exporters of agricultural commodities such as wheat and sunflower oil.

 

In March, the US Federal Reserve raised its policy rate by 0.25%, the first increase in the cost of credit in three years. Many analysts believe that the advance of inflation will lead the Fed to adopt another increase in the cost of credit, this time by 0.50%, at the meeting that will take place next month.

 

15. Born in it

 

16. Inflation be like

 

17. About it

 

18. Monopoly

 

19. Inflation

 

20. Real inflation

 

21.Federal reserve

 

22. Tiered

 

23. Against inflation

 

24. US inflation

 

25. Turks

 

26. Just affected

 

27. Things I can buy

 

28. Covid-22

 

29. Food lover

 

30. Easy about inflation

 

 

 

Anyone who follows the news closely will certainly stumble upon numerous references to Reddit - a real giant that is rapidly gaining popularity from year to year.

 

Reddit is a social news site that was created once to make it easy to find and share links to news, articles and just interesting content. But over time, the portal has grown, destroying the popular Digg, and now it is, in fact, a platform for conversations, that is, a forum, an image board, and so on. Links and their discussions remain an important part of the platform, but only part of it. Increasingly, people come here to communicate, having escaped from drowning forums and dead sites.

 

Due to the huge popularity of the portal, many users use it to draw attention to a particular issue, or, more often, a site. Many sites have come across the so-called "Slashdot effect", when one link to Reddit (sometimes - even just in the comments) leads to an overload of the site's servers due to the influx of visitors.

 

Drawing attention happens also within memes. That's why Bemorepanda collected top 50 memes for this month.

 

1.That's anger

 

2.Why so?

 

3.Life is unfair

 

4.So accurate

 

5.Always this dreams

 

6.Russia combat suits

 

7.About development

 

8.Good joke

 

9.Absolute buffoon

 

10.Minecraft

 

11.Holywood actors

 

12.Chicken

 

13.Illegal

 

14.Bag in bag

 

15.Equality

 

16.Seafood diet

 

17.Valentine's day 2021

 

18.Beep beep coming

 

19.Hurting back

 

20.Where are you

 

21.Does dog bites?

 

22.No valentine

 

23.What is this?

 

24.Very evil

 

25.Invest

 

26.Large family

 

27.Minecraft stuff

 

28.Save button

 

29.Bonjour

 

30.Personally insult

 

31.Gasoline price

 

32.Wide awake

 

33.The first boss

 

34.About bad feelings

 

35.Hate it

 

36.Kidnappers returning me

 

37.Nice ass

 

38.It was purple before?

 

39.Telling my mom about my day

 

40.Seroius chefs

 

41.Give her a medal

 

42.LOFI indie

 

43.Great family

 

44.Things I hate

 

45.Have a nice day

 

46.Sanitizer

 

47.Lego meme

 

48.No comment

 

49.No virgins

 

50.Food