Much of Europe is facing stagflation. France is already there

[brooklynite]

CNN

The European economy slowed in the first three months of the year due to a combination of soaring inflation and early fallout from the war in Ukraine.

Preliminary first quarter data published Friday showed GDP grew by 0.2% across the 19 countries that use the euro, over the previous quarter. That was weaker than the 0.3% growth recorded in the final three months of 2021.

Consumer price inflation, meanwhile, rose to 7.5% in April — the highest since the European Union began keeping records 25 years ago. Rising costs for energy and food — driven higher by the turmoil in Ukraine and Western sanctions on Russia — were largely to blame.

“Russia’s brutal war against Ukraine has driven up prices for energy and foodstuffs, disrupted supply chains and dealt a serious blow to consumer confidence,” economists at Berenberg wrote in a note Friday. “As the most exposed major region globally, the eurozone has fallen into stagflation as a result.”

Perhaps inflation is more complicated than simply blaming "price-gouging"?

[AZSkiffyGeek]

1. Sshhh, you'll ruin the narrative

I mean Robert Reich repeats it DAILY, so it has to be true. /s

[TheRealNorth]

2. So you are blaming Biden?

You do know that the oil companies, as well as a lot of other companies that make stuff and mine resources, are multinational.

If only you put half the effort of shooting down Republican talking-points as you did Democratic talking points....

[AZSkiffyGeek]

3. I said nothing about Biden

Curious you went there, but it does prove the OP's point.
But I do know that supply chain disruptions, increased oil prices, and increased demand lead to higher prices. Which is something that Robert Reich apparently forgot in his quest to get as many followers on his substack by accusing corporate profits of being the cause of inflation.

[ck4829]

5. I know, the right is at war against us. They are fighting to take the Democrats down

They want a return of the Trump regime... and instead of debunking and discrediting them, we eat our own.

We can't let these two years just be a bump in the road to fascism.

[ck4829]

4. I thought minimum wagers are all to blame, how dare they get some more peanuts! /s

[ck4829]

6. It is a complex issue that our media which accommodates the "own the libs" types isn't equipped for

and frankly doesn't care to educate the public about in the first place.

Price-gouging is a part, the cost of supplies is another part, the money supply, etc.