Euro loses almost 30% of purchasing power in 1 year against USD

I'll expound;

In August 2021, you'd get 1.18 USD for 1 Euro. Today, you get 0.99 USD for 1 Euro.

Compared to August 2021, 1 USD today has 9% less purchasing power due to CPI inflation.

Say you could get 100 units of goods for $1 in 2021. Today, those same 100 units cost 1.09$.

Since you could get 1.18$ USD for 1 Euro, you could purchase 118 units of goods for a single Euro in 2021.

Today, you only get .99$ for 1 Euro. Therefore, this same Euro today, instead of buying you 118 units of goods, will only buy you .99$/(1.09/100) = 91 units of goods.

This means, to get the same 100 units of goods today, would cost you about 1.10 Euro's. 100 units of goods would only cost you .85 Euro's in the summer of 2021.

Therefore, if we calculate inflation compared to a 2021 USD, (1.1-0.85)/0.85 x 100 = 29.4%

European monetary union is a failed experiment, and my guess is it will fall apart before the end of this decade. Leave this system that continues to fall apart and store your wealth in Bitcoin.