In the United States, the rate of price growth increased in April from the previous month to 4.2 percent. In Europe, prices are also rising. In the eurozone, inflation is also spurred by the fact that the price of oil has also jumped against the backdrop of the growing economies of the United States and China. However, not all observers believe that this is a cause for serious concern.
Don’t go galloping!
“The emerging economic boom may also have a downside. Given that the central banks of the United States and Europe have been pumping money into the markets for a number of years, inflation may start to rise rapidly. … The increase in prices for many types of raw materials and materials is already measured in double digits, and in some cases, it has increased many times. … All of this could put economic growth at risk in the coming years. If inflation starts to rise rapidly, then interest rates will also jump, which will be a serious blow to debtors. And if central banks then decide to artificially lower interest rates, the financial market will be in a deep freeze, because in times of high inflation, no one will lend at low-interest rates.”
Defend food sovereignty
In view of the rise in food prices, France should follow the example of Argentina, which imposed a ban on meat exports, writes LHumanite:
“It is becoming increasingly difficult for French livestock farmers to survive-especially against the background of free trade agreements that the European Commission constantly concludes with third countries. This means that France must protect its food sovereignty — just as Argentina is doing now. To do this, it is necessary that farmers who produce food receive a decent payment for their goods. But, as we all know, there is endless dumping in the social, tax, and environmental spheres — and so on throughout the European Union.”
And to pay — to families!
The Hungarian National Bank has announced an increase in interest rates — in order to slow down inflation. The publication Nepszava writes about how this measure can turn out for the residents of the country:
“The consequences of this step will soon be felt by companies and households that are in debt, as bank loans with flexible interest rates will become even more expensive. In combination with the credit moratorium, all this can lead to serious financial problems for a significant number of Hungarian families.”