Capitalism: Inflation on valuable things

Vitaliy_Kiselev

Food in general and in Mordor specifically will be more expensive

The situation with mineral fertilizers is somewhat worse in our country. Last year there was a rise in prices from 10 to 41 percent for various components. This year, the cost of mineral fertilizers has also significantly increased, and we, respectively, with the Ministry of Industry and Trade, with the Federal Antimonopoly Service, with the constituent entities, with the unions are now holding meetings in order to provide our farmers in full with mineral fertilizers for sowing. The risk that we see is the supply of raw materials for processing enterprises ... I would also like to note that, in general, last year there was a tendency towards an increase in the price for all food products in the world. And this, of course, affects the availability of food ...

Vitaliy_Kiselev

And now it is used cars even

robertGL

Lumber prices are insanely high right now, collectables like comic books and baseball cards seem to booming as well. The stock market now tends to react negatively to inflation concerns in the news however, although I guess it initially rallied due to inflation and loose money. It's a strange situation right now.

Vitaliy_Kiselev

Global food commodity prices rose in March, marking their tenth consecutive monthly increase, with quotations for vegetable oils and dairy products leading the rise, the Food and Agriculture Organization of the United Nations (FAO) reported today.

The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 118.5 points in March, 2.1 percent higher than in February and reaching its highest level since June 2014.

Vitaliy_Kiselev

Rumors in the industry are that up to 40% of all lumber is being used for speculation now with huge piles being stored for further resale.

Vitaliy_Kiselev

Tin prices

Vitaliy_Kiselev

United Microelectronics (UMC) is negotiating contracts for next year, when the pure-play foundry plans to initiate another price hikes, according to sources at IC design houses. Average hikes will be 40%, sometimes more sometimes slightly less.

Vitaliy_Kiselev

US prices of 3/4″ Plywood Standard:

March 2020 – $37.98 /sheet
February 2021 – $72.49 /sheet
March 2021 – $83.49 /sheet
April 2021 – $95.98 /sheet

That is 252% price increase on one of the most used piece of common lumber for construction.

Vitaliy_Kiselev

A jump in day-to-day business costs for The Coca-Cola Company will result in a price increase of its drinks, CEO James Quincey told CNBC's Sara Eisen on "Squawk on the Street" on Monday.

Vitaliy_Kiselev

The record rise in prices for used cars in April did not stop

In mid-April, the price index increased by 52.2% compared to the same date a year ago

In previous years (from 1995 to 2019) the average price increase was 1.5-2% per year

Presently used car prices prices have increased by about the same amount over the year as in the previous 25 years combined

Vitaliy_Kiselev

Prices change in US in one year:

natural gas - 43%

silver - 45%

cotton - 54%

sugar - 59%

soy - 72%

copper - 83%

corn - 140%

gasoline - 182%

crude oil - 210%

lumber - 265%.

Vitaliy_Kiselev

Bank of America

Vitaliy_Kiselev

Business Insider published a list of some of the most serious shortages:

Computer chips
Used cars and rental cars
Gas
Plastics and palm oil
Truckers and rideshare drivers
Homes and vacation houses
Lumber -Household products like toilet paper and tampons
Furniture
Chicken
Bacon and hot dogs
Imported foods like cheese, coffee, and olive oil
Chlorine
Corn

https://www.businessinsider.com/why-supply-shortages-economy-inventory-chips-lumber-cars-toilet-paper-2021-5#chicken-10

Vitaliy_Kiselev

Costs for apples are up 10% to 20% depending on the variety, said Mike Ferguson, vice president of produce and floral at Topco Associates LLC, an Elk Grove Village, Ill.-based cooperative of more than 40 food companies including grocer Wegmans Food Markets Inc. Bananas and leafy greens are more expensive too, Topco said, while vegetable oils and oil-heavy products like salad dressing and mayonnaise are also getting pricier in part because of higher ingredient prices.

On Thursday, American Homes 4 Rent, which owns 54,000 houses, increased rents 11% on vacant properties in April, the company reported in a statement

Vitaliy_Kiselev

Vitaliy_Kiselev

America’s biggest cash crop has rarely been more expensive.
Corn prices have risen roughly 50% in 2021 and a bushel costs more than twice what it did a year ago.

Vitaliy_Kiselev

Brand vendors are poised to hike terminal market prices for their notebooks to reflect rising manufacturing costs, according to sources at notebook ODMs.

Average notebook price is expected to rise around 30-35% towards Q4 2021.

Vitaliy_Kiselev

Henry Olsen, senior fellow at the Center for Ethics and Public Policy and columnist for the Washington Post:

“In the short term, consumers can expect price increases across the board.”

“I expect people to be shocked in almost every aspect of their lives in the next few months.”

Vitaliy_Kiselev

Vitaliy_Kiselev

Vitaliy_Kiselev

The deficit of aluminum cans has been observed for the last three months by all producers of soft drinks, including large global companies. Suppliers of aluminum cans are primarily trying to ensure supply under contracts for the largest and most marginal brands - in particular, Coca-Cola and PepsiCo, but they also have problems with lack of packaging.

Vitaliy_Kiselev

In the first quarter, tea at auctions in India itself rose by 46%. In April - by another 40%.

Vitaliy_Kiselev

Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The frenzy is pushing supply chains to the brink of seizing up. Shortages, transportation bottlenecks and price spikes are nearing the highest levels in recent memory, raising concern that a supercharged global economy will stoke inflation.

Copper, iron ore and steel. Corn, coffee, wheat and soybeans. Lumber, semiconductors, plastic and cardboard for packaging. The world is seemingly low on all of it. “You name it, and we have a shortage on it,” Tom Linebarger, chairman and chief executive of engine and generator manufacturer Cummins Inc., said on a call this month. Clients are “trying to get everything they can because they see high demand,” Jennifer Rumsey, the Columbus, Indiana-based company’s president, said. “They think it’s going to extend into next year.”

https://www.yahoo.com/now/world-economy-suddenly-running-low-040118644.html

Vitaliy_Kiselev

Some clear definitions:

INFLATION - the excess issue of paper money under capitalism, causing their depreciation and used by the ruling classes to shift government spending on the working people and increase their exploitation.

(c) Political dictionary edited by B.N. Ponomarev. Second edition. Moscow. State Publishing House. 1958

Vitaliy_Kiselev

Soviet prices on electricity

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