(Global Stagflation) - 'The European economy .. stubborn inflation raises the price of groceries..' - '..Fed .. sticky inflation..'

'..Germany .. Supermarket prices have risen 'only' 17.2% in April, down from 22.3% in [March]. Admittedly, that's still too high..'

- Holger Zschaepitz (Source, April 29, 2023)


'Higher food prices have taken over from energy as a key driver of inflation, running at a painful 15.5% in March .. With fears that inflation is becoming entrenched in the economy longer term..'

'FRANKFURT, Germany (AP) — The European economy scraped out meager growth in the first three months of the year, barely gaining momentum as stubborn inflation raises the price of groceries and erodes people’s willingness to spend paychecks that are failing to keep pace.

..

Inflation, however, is holding back consumer spending, with wage increases only partly offsetting how much more people have to pay for groceries, clothing and more. Higher food prices have taken over from energy as a key driver of inflation, running at a painful 15.5% in March as energy costs dropped 0.9% from a year ago.

..

With fears that inflation is becoming entrenched in the economy longer term..'

- Europe’s economy barely grows as inflation pinches consumers, April 28, 2023



'..the Fed has a huge problem with sticky inflation pressures.'

- Worst of Both Worlds, Stagflation Right Now.., April 28, 2023



Context

70 Percent of Americans are Financially Stressed, 58 Percent Live Paycheck to Paycheck, April 13, 2023

(Global Stagflation) - 'US Inflation Pressures Persist..' - 'The average price of food in the United States increased 8.5%..'

(Global Stagflation) - 'IMF Managing Director Kristalina Georgieva emphasized the need to overcome sticky inflation..'