J.D. Power Valuation Services reports on a used truck market that is responding to chip shortages and new vehicle shutdowns:

• the prices of used trucks in the USA have risen by 7% in the last month alone (if they rise in price every month at such a rate, this means + 125% per year, i.e. more than doubling)
• compared to the same month a year ago, prices increased by 89.9% and by 71.2% compared to the same month two years ago

At the same time, the average age of equipment has not changed much, only slightly increased - this year it is 71 months, against 68 months a year ago and 70 in 2019.

Thanksgiving dinner price changes

Inflation in the Netherlands in November rose to its highest level in at least 24 years

Average price levels also rose sharply in other euro area countries, according to data from the European Statistical Office Eurostat.

This is mainly due to the sharp rise in prices for gas, electricity and fuel.

According to the European Harmonized Method of Measurement, prices in the Netherlands have increased by 5.6% compared to the same month last year.

The tables of Statistics Netherlands (CBS) show that there has not been such a significant increase since at least 1997.

In the eurozone as a whole, inflation was 4.9% on an annualized basis, according to preliminary data. This is a more significant depreciation of the currency than a month earlier. In October, annual inflation was still 4.1%.

The biggest factor is high energy prices. In the euro countries, they rose by more than 27%. In the Netherlands, diesel prices last year were 1.20 euros / liter, the year before last - 1.30, now - 1.75 euros / liter - and in the Netherlands they are lower than in Belgium and France!

Air Freight Rates

Propaganda works

If Americans have been worried about a 1970s-like inflation crisis, their worries didn't last for long.

Much of the improvement came from fresh optimism that inflation would die down. Surveyed adults' concerns around price growth declined in December after touching a 13-year high the month prior, according to the report.

Red-hot inflation isn't derailing Americans' spending plans, either. The share of respondents planning to buy homes, cars, appliances, and vacations over the next six months all increased, The Conference Board said.

https://markets.businessinsider.com/news/stocks/inflation-peaked-november-consumer-confidence-treasury-breakevens-price-growth-forecast-2021-12

Ironically dollar seems to be the most desired currency. Even stable coins (USDT, USDC) are pegged to dollars.

Record profits of car manufacturers

In Italy, electricity bills will rise 55% in the first quarter of 2022, the local Energy and Environment Regulatory Authority (Arera) said. According to him, the gas bill will grow by 41.8%.

In a press release, the department says that the rise in prices is due, among other things, to a record rise in prices for energy resources. Arera argues that without the intervention of the Italian authorities, electricity and gas bills could rise by 65% and 59.2%, respectively.

At the end of 2021, the average value of the FAO Food Price Index was 125.7 points, which is 28.1% higher than in 2020. This was reported by the Food and Agriculture Organization of the United Nations - FAO - on Thursday, January 6.

"Under normal conditions, high prices lead to an increase in production, but the rise in prices for inputs, the ongoing global pandemic and increasingly unpredictable weather conditions leave little hope for the stabilization of the market situation in 2022," said FAO Senior Economist Abdulreza Abbassian.

At the end of 2021, in general, the average value of the FAO Cereal Price Index reached its highest level since 2012 and is 27.2% higher than last year: prices for corn increased by 44.1%, for wheat. by 31.3%, while rice prices decreased by 4.0%.

At the same time, at the end of 2021, in general, the average value of the FAO Vegetable Oil Price Index reached a historic high, increasing by 65.8% compared to 2020.

At the same time, the FAO Sugar Price Index for 2021 is up 29.8% from the 2020 level, the highest annual average since 2016. The average value of the FAO Meat Price Index in 2021 was 12.7% higher than in 2020. The average value of the FAO Dairy Price Index was 16.9% higher than the 2020 level.

Edible oil prices continue to surge to record highs amid adverse weather conditions for the world's oilseed growers, adding to food-inflation worries that will persist through 2022.

Edible oils are a vital ingredient for many consumer packaged goods. Rising prices will only make food more expensive.

China and India are the biggest importers of edible oils. Emerging market households will feel the most pain as food prices continue to rise because they dedicate larger amounts of income to food purchases than developed world households.