Incompetent decision makers

Today we received the figures for the inflation trend during December 2022 in Sweden. It was not a cheerful read.

In December 2022, the inflation rate was the highest throughout the year. Measured according to consumer price index (CPI), it was 10.2 percent.

We will probably see the light in the end of this tunnel in April when we get the numbers for March. This is because inflation is measured against the same month of the previous year. Since inflation had picked up in March 2022, inflation for March 2023 will most likely have slowed.

The main reason for the rampant inflation in Sweden and the rest of Europe is the extremely high electricity prices.

Apart from the most obvious area of use, heating, electricity is needed to a greater or lesser extent for just about everything. The baking of the bread, the preparation of ready meals, the manufacture of clothes etcetera all require energy in some way.

The fact that many of Europe's countries have become dependent on natural gas mainly from Russia and Iran is due to the governments ruling at the time who chose to dismantled large parts of their energy self-sufficiency. That they enabled this hybrid war is indefensible.