Gas prices have been increasing at the pump for the past few weeks, reaching a national average of $2.77 a gallon as of Monday, which is 39 cents higher than the same time in 2020, according to AAA.
LCD panels inflation also starting
According to reports out of Asia, widespread component supply shortages could impact availability on LCD TV panels from TCL owned panel maker China Star Optoelectronics Technology (CSoT) and Innolux, two of the world’s largest LCD panel suppliers.
The display panel manufacturers were reported by Korean electronics business news site The Elec on Monday as warning that supplies of panels are expected to be “tight throughout the year.”
TCL chairman Li Dongsheng used a media briefing last week to announce that panel shortages will continue in the first half of 2021, following conditions already hampered last year during the start of the Covid-19 pandemic.
Ukraine, price dynamics on grain, sugar and oil
I think there is little question that the quality and value of a university degree has diminished over time as well. That's a double whammy.
If you ask me - modern universities now turned into reactionary institutes, they need to be totally changed. As current ones become filled with clerks and bureaucrats hiding under "tutor", "professor" and "scientist" nicknames :-)
The metric not visible from the chart is the quality of the education people are receiving. I think there is little question that the quality and value of a university degree has diminished over time as well. That's a double whammy.
Food inflation in 2020
According to data released last week by the Bureau of Economic Analysis, almost all kinds of food have seen an increase in its price since February. Beef and veal prices are up a staggering 20.2% since before the pandemic, while other staples like eggs (10.4%), poultry (8.6%) and pork (8.5%) have also seen significant increases.
Inflation has strict definition, and it is related to prices only. Prices change can be caused by demand or supply change, by other information, or like in this case - by extreme growth of money supply paired with economic shutdown.
Is it actual inflation or reduced supply? Especially for meat products, there has been many plant closings leading to shortages. In such context, higher prices are due to supply issues, not inflation.
Infation of food prices sets new records since late 70s-early 80s
The Labor Department reported Tuesday that prices U.S. consumers paid for groceries jumped 2.6% in April, the largest one-month pop since February 1974. The spike in supermarket prices was broad based and impacted items from broccoli and ham to oatmeal and tuna.
The price of the meats, poultry, fish and eggs category rose 4.3%, fruits and vegetables climbed 1.5%, cereals and bakery products advanced 2.9%, and dairy goods gained 1.5%.
Education issues
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