How can eu countries have different inflation rates when they all use euros? Do euro have different value in each country?

Question

Edit: Thank you all for the answers.

In: 803

Answer 1

countries have their own parameters on what to add to the basket of goods that they use to calculate inflation.

not all countries have the same basket.

Answer 2

I’m just back from Portugal, and lemme tell ya, a €20 goes a lot further there than it does in Ireland.

Answer 3

A dollar in Nowhereville US goes a lot further than it does in Columbus, but way further than it does in New York City.

Similar concept. 1% raise in rent can mean $6 in one place but $20 in another.

Answer 4

Quick answer, yes the euro has different buying power in different sections. Not all of Europe has the same cost of living. Areas with higher demand have higher prices.