War is inflationary. However, the current inflation comes from before the conflict in Ukraine. According to Eurostat, in January 2022 year-on-year inflation had already reached 5.1% in the eurozone when in December 2019, before the pandemic, it was only 1.2%. The figure of 9.1% for August 2022 – the highest in the last 50 years – has two potential causes acting at the same time:
EU trade deals mean increased exports, more stable economic relations and secure access to resources, a new report out today shows. EU exports to preferential partners for the first time surpassed €1 trillion in 2021, according to the Commission’s 2nd Annual Report on the Implementation and Enforcement of EU Trade Agreements. The Report also shows that EU efforts to break down trade barriers and support small businesses are helping EU exports and thus supporting European jobs.
Building a wood fired clay oven is a fun project and when you get done you’ll have fun using it too. It is however a moderately challenging project. So if you aren’t of sound body and mind, get help, or don’t do it.