Well, compared to how much inflation we have, 4 - 5% is still not a nightmare ... at least when compared with the situation in my country ... We in Belarus in the last few days, the ruble fell by about 27% (from 3000 to 3800 rubles per dollar, although the National Bank officially holds the course at around 3040 - but with a sense that is not enough - as in foreign currency exchange offices simply do not) and within two months earlier depreciated further by 20 percent
So compared to what is happening in my country - you have "prosperity" ... 4 - 5% is not 47% of the threat of default and incipient hyperinflation ... during the previous hyperinflation (1993 - 2002) inflation have made about a billion percent and the country experienced two currency reforms (1994 (10 old= 1 new)and 2000 (1000 old = 1 new)
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So compared to what is happening in my country - you have "prosperity" ... 4 - 5% is not 47% of the threat of default and incipient hyperinflation ... during the previous hyperinflation (1993 - 2002) inflation have made about a billion percent and the country experienced two currency reforms (1994 (10 old= 1 new)and 2000 (1000 old = 1 new)