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Tag: Inflation

Mortgage Lenders Provided a Record $1.61 Trillion in 2021

The post-pandemic real estate frenzy led to mortgage lenders issuing more money last year than ever before. According to records, mortgage lenders in the US issued...

Container Dwelling Fee Moratorium Ends Today

The Ports of Los Angeles and Long Beach, the two most active ports in the US, will resume container dwelling fees as of today. The moratorium went into effect on...

Fertilizer Inflation Contributing to Higher Food Prices

Food prices are expected to rise going into 2022, and one major contributing factor is the rising price of fertilizer. The American Farm Bureau Federation stated...

India into 2022

India’s Home Minister Amit Shah believes that his nation is on track to become the fastest-growing economy in 2022. India just experienced an 8.4% rise in GDP...

US Inflation Soars to 39-Year High

  Powell’s decision to retire the word “transitory” when discussing inflation was too little, too late. The Bureau of Economic Analysis (BEA) reported...

The Fed Has Spoken

The Federal Open Market Committee plans to taper its asset purchasing program by $30 billion per month. Starting in January, the central bank will begin buying $60...

US Producer Price Index Reaches 11-Year High

The US Producer Price Index (PPI) for November reached an 11-year high, according to the Labor Department. The PPI for final demand rose 0.8% in November, the index...

Inflation Soared to 6.8% in November

Inflation is soaring with no end in sight. The Consumer Price Index rose 0.8% in November, marking a 6.8% increase in inflation YoY. According to the Labor...

Shipping Container Price Surge Will Result in Increased Prices on Consumer Goods

The United Nations Conference on Trade and Development (UNCTAD) announced that we should expect consumer prices to rise 1.5% on average over the next year due to...

Thanksgiving Costs on the Rise

Expect to pay at least 14% more for this year’s Thanksgiving festivities, according to the American Farm Bureau. The bureau estimates that a feast for ten will...