How can the dollar be worth more relative to the Euro and some other currencies, but inflation (where the dollar is worth less for the American Consumer) still be happening at such high rates consecutively?

Question

How can the dollar be worth more relative to the Euro and some other currencies, but inflation (where the dollar is worth less for the American Consumer) still be happening at such high rates consecutively?

In: 0

Answer 1

Mainly, a higher inflation in Euro-using countries. Doesn’t matter too much that USD lost value when EUR loses more.