Food prices in July were up 31% from the same month last year, according to an index compiled by the United Nations’ Food and Agriculture Organization.

Huge part of inflation comes from Chinese poor and medium class. As they go close to additionally $6 trillions in their hands from government subsidies directly and to firms.

As China can't much rise food production it started to wipe out everything from global market.

Local governments also got trillions and love to buy and store products in case of COVID outbreak event, so they can be sure be safe in their position.

Australian Beef

Electricity price

Aluminum prices have reached their highest level in the last 13 years. On Monday, September 13, the COMEX contract for the metal for November delivery rose 3.5% to $ 3,025.75 a tonne. Aluminum was last traded at these levels in 2008.

Aluminum prices have continued to rise for the past three consecutive weeks. During this time, they added 15%.

Manufacturers are worried about rising prices for rare earth metals. For example, the cost of neodymium used in speaker production has doubled since last year to $ 117,300 per ton in August.

China is the only country that has a complete supply chain for rare earths, from mining to processing. Last year, the Celestial Empire controlled 55% of the world's production capacity and 85% of the total processing of rare earth elements.

The cost of neodymium oxide, a key resource for electric motors and wind turbines, rose 21.1%. Holmium, which is used in magnets for sensors and mechanisms, has risen in price by almost 50% this year.

It is reported that the price of tin has almost doubled compared to last year.

UK gas prices

Construction costs reportedly rose 12.8% year-over-year due to shortages and rising prices for building materials, a record since 1979. In particular, wood has risen in price by 70% over the year, polyvinyl chloride (pipes) by 65%, as well as metals and metal products.

Sales of unfinished homes are growing strongly - that is, when the owner, due to a shortage and rising prices, cannot complete the construction himself, and a drop in sales makes one think about the prospects of the market and the corresponding risks, so he is in a hurry to get rid of it as soon as possible.

95% of the houses on the market are now either unfinished, or construction has not begun at all.

The rise in import prices in Germany in August was the largest in 40 years. This was driven by a surge in oil and gas prices, and bottlenecks in the raw material supply chain were further exacerbated, indicating further price increases for consumers. Import prices jumped 16.5 percent in August from the previous year, the Federal Statistical Office said yesterday, beating economists' forecasts of growth by 16.1 percent, up from 15 percent in July.

The August rise was the sharpest since September 1981, when the second oil crisis pushed prices up 17.4 percent. Energy import prices rose 93.6 percent in August from the previous year, mainly due to strong increases in natural gas prices, the Statistics Office said.

Prices for many types of raw materials have also risen sharply. Iron ore was 96.8 percent more expensive in August, while sawnwood and planed wood prices rose 61.6 percent, while base metals, steel and ferroalloys rose 57.7 percent.

At the same time, supply chain bottlenecks affecting German companies have worsened further, a poll released yesterday by the Ifo Institute showed. About 77.4 percent of German industrial firms reported difficulties purchasing intermediates and raw materials this month. According to Ifo, among car companies this figure was 97 percent.

The price of gas in Europe during the trading on October 4 again broke the record and for the first time exceeded $ 1200 per 1,000 cubic meters. m, according to the data of the ICE exchange.

The price of November futures on the TTF hub in the Netherlands reached $ 1200.36 per 1,000 cubic meters during trading. m, or € 99.99 per MWh (based on the current EUR / USD exchange rate, ICE prices are presented in EUR per MWh).

Last week, the price of gas in Europe for the first time in history exceeded $ 1,000 per 1,000 cubic meters. m, and then $ 1,100.

Electricity and gas prices in Italy

Household electricity bills will rise by 29.8% for the typical family and gas bills will go up by 14.4%, Italy’s energy regulatory authority Arera confirmed in a press release last week. The new national tariffs came into effect on Friday, the start of the fourth quarter of 2021. The increase comes amid surging energy costs across Europe, and beyond.

The price rise passed on to Italian consumers could’ve reached 45 percent, Arera said, if the government had not stepped in to cap the new rise in rates.