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.

Record profits of car manufacturers

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

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

Air Freight Rates

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!

Thanksgiving dinner price changes

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.

Fertilizers

Chinese statistics report that producer prices (PPI) in October rose by 10.7% compared with the same month a year ago, which is a record for the entire observation period, i.e. since at least November 1995.

Whole milk prices