"I especially want to cry after coming out of the supermarket ..."

"Sometimes, after I came out of the supermarket, I especially wanted to cry, and I felt that I couldn't afford anything." A German resident who was queuing to shop complained, "In the past, only 99 euro sausages may be sold. ","

On April 1, 2022, people bought fruits and vegetables in the street market in Berlin, Germany.

This scene took place in June 2022. Due to inflation and soaring energy prices, the crisis of living costs in many European and American countries caused protests and strikes, and the public was miserable.

When will the worst inflation situation in this decades return to normal?

The beginning of inflation tsunami

Since 2022, affected by the energy supply and supply chain crisis under the new crown epidemic and Russia and Ukraine, inflation in Europe and the United States has continued to be high.

Data map: euro banknotes.

Data from the US Department of Labor show that the inflation rate in the United States in May has reached 8.6%, the highest level in 40 years. US President Biden also warned recently that American inflation may last "for a period of time."

In order to respond to inflation, the Federal Reserve not only increased the risk of economic recession in the United States, but also further damaged global production and supply, so that inflation was centered on the United States and spread to the world.

According to data released by the European Bureau of Statistics, after the jumped in April to 7.4%, the annual inflation level in 19 countries in Europe reached 8.1%in May.

Following it is increasingly higher food and fuel prices. Experts believe that the current economic situation of the European Union seems to be catastrophic, and the current number is only the beginning of inflation of the consumer market.

Stress from food

"Since December last year, I have lost 3.5 British stones (about 22 kilograms), because I really have no money to buy food ... I don’t want to stay here anymore, I have enough to live. I can no longer stand . "Susan is a nursing worker in Sunderland, England. Although she has a full -time job, because it is difficult to pay bills and food expenses, she gradually desperate for life and has a mental health problem.

On June 14, 2022, potatoes were sold in a market in the Frankfurt in Germany.

Inflation is hitting ordinary families in an unprecedented way, forcing the people to change their living habits.

In Italy, the inflation rate in May increased by 6.8%over the previous year, and the increase in living costs was as high as 6.7%. Each family will increase the cost of life of about 320 euros each year, of which food and vegetable expenditure will increase by about 80 euros, and the cost of spending on bread, noodles and rice increases by about 60 euros.

In France, in addition to the continuous price increases, poultry, dairy products, coffee, bread, grain, etc., the energy price rose in May -increased by 28%year -on -year, and the service price also rose 3.2%.

In the UK's supermarkets, in the past month, the price of commodities has reached a new high of 13 years to 8.3%. The rise in living costs causes each family to spend 380 pounds per year to buy groceries.

British researchers predict that food prices in the country may rise by 15%this summer to peak, and will maintain a high level until 2023. "We are unlikely to see the cost of life's cost relief." British economists said, "Some families choose not to eat -this clearly reflects the pressure from food."

Sherge Chelnikov, an associate professor at the Department of Economics of the University of Russia, believes that in the next year and a half, the European Union will experience the same crisis experienced by Russia in the early 1990s: a large population has quickly encountered poverty, many social welfare and many social benefits and many social welfares The subsidy was canceled. Many simple habits -such as drinking a cup of latte in the morning -it will become a luxury.

Protest under heavy pressure

While inflation has caused rising living costs, people's wages and jobs do not increase and fall. Under pressure, Europe has launched protests and strikes in many places.

On June 21, 2022, a bus stop in London, England, was waiting in line to wait for the bus because of the interruption of subway services.

On June 20, the 80,000 Belgians demonstrated in the streets of the capital Brussels to demonstrate the "more respect, higher salary" and "end consumption tax" banner to protest the country's prices soaring. On the same day, the airport and public transportation network had paralyzed transportation.

In May this year, Belgium's inflation rate rose to 8.97%, reaching the highest point since 1982. In June, the inflation rate rose slightly again to 9%. According to data from the National Bank of Belgium, the low -income groups in the country are barely, and more and more people cannot pay the bills.

Belgium neighboring Germany also encountered strikes in port workers in early June, causing 150,000 German ports to be loaded with containers.

It was also in early June, a staff member of the Paris Paris, France, and the cancellation of about a hundred flights.

More than 40,000 British railway workers are planning to conduct a major strike on the 21st, 23rd, and 25th. This is expected to affect millions of people travel. In addition, London Metro workers also announced their strikes on the 21st. British teachers, medical staff, and even lawyers and other industry unions are also considering initiating strikes ...

How long can Europe be carried?

"Europe is being hit by unprecedented inflation."

On June 21, 2022, a train parked at the Railway Station at the Clapam Junction Station in London, England.

Russian economists pointed out in the report that sanctions against Russia caught European countries. With the rise of energy prices, everything is rising. According to the US Consumer News and Business Channel (CNBC) reported on the 21st, Christian Sewing, CEO of Deutsche Bank, said, "We need to fight inflation. In the final analysis, inflation is the largest poison of the economy."

In the face of crisis, Italian economists generally believe that the government must immediately take measures to prevent fuel prices from rising, and take administrative tariffs on primary products such as food and energy. The French government also stated that it will put forward a bill that will be proposed in the next few weeks to protect the family from inflation. Germany has announced the reduction of fuel tax and reducing public transport prices.

In addition, in order to curb high inflation, the European Central Bank announced interest rate hikes on the 9th, but it immediately brought a surge in national bond yields in many countries in the euro zone, causing concerns about the new round of European debt crisis. Later, he had to hold a special meeting to discuss measures to alleviate the crisis of the bond market.

There was a wave of unpidest waves. How long can Europe be carried in the dilemma of the people's livelihood, how will it find a way out in the crisis?

Source: China News Network

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