If inflation is a purely monetary phenomenon caused by printing money, why do Telangana and Sikkim experience higher inflation than the national average?
> I haven’t run the numbers but if you were to chart inflation vs the money printing done by an economy, you’d likely find a positive correlation.
As a member of the Eurozone, Estonia can't print money. That didn't stop it from inflation hitting 23%.
It's almost as if inflation is influenced by local factors...
> As a member of the Eurozone, Estonia can't print money. That didn't stop it from inflation hitting 23%.
Actually, according to Wikipedia, Estonia joined the Euro in 2010. There have been a lot of Euros created in the last few years (looking at the M2, we're roughly at the point where most Euro appeared after Estonia joined in to the project).
> I haven’t run the numbers but if you were to chart inflation vs the money printing done by an economy, you’d likely find a positive correlation.
As a member of the Eurozone, Estonia can't print money. That didn't stop it from inflation hitting 23%.
It's almost as if inflation is influenced by local factors...