German inflation, held in check by a relatively weak euro, is 1.3% compared with the UK\’s 3.1%.
German inflation, of course, is being kept in check by a relatively strong euro.
Strong currencies reduce inflation, weak currencies increase it.
And there, in a nutshell, is why you should never believe anything at all on the subject of economics from anyone who is or has ever been on the staff of The Guardian. Their beliefs are at a 180 degree relationship with reality.
why you should never believe anything at all on the subject of economics from anyone who is or has ever been on the staff of The Guardian
See also “terrorism” / “The Telegraph”. But yes, duh.
Inflation : money declining in value.
I don’t think that’s true – I’ve seen tens if not hundreds of elementary economics errors on this site, but you are a fellow of the Adam Smith Institue and seem to grasp some of the ideas quite well. It might even have been a sub-editor given the euro is relatively strong at the moment.