Mordor sweet news

Producers of sweets announced a price increase of up to 23% from February 1. We are talking about a rise in the price of all products in Russia. We are talking about the companies Mondelez, Ferrero, United Confectioners, Khlebprom, Izvestia writes.

Mondelez is going to increase the price of biscuits and cookies by up to 19 percent, chocolate by up to 9 percent, and chewing gum and hard candies by up to 6 percent. There were more than 60 items on the list.

United Confectioners also announced an increase in purchase prices up to 18 percent. Hlebprom intends to raise prices up to 23 percent for cakes and pastries. Slavyanka announced an increase in the price tag for waffles and sweets, a total of 60 items, by 18 percent.

UK

Inflation in the UK in December 2021 unexpectedly jumped to almost a 30-year high, according to data from the country's Office for National Statistics.

According to the agency, consumer prices in the UK at the annual level rose by 5.4 percent - the highest level since 1992.

Spain's industrial production prices rose at a record high pace for the third month in a row in December, helped by higher energy prices, the National Statistical Institute (INE) said on Tuesday.

Prices jumped 35.9% year-on-year in December, the fastest annual pace since data began to be released in January 1976. In November, 12-month growth was 33.1%.

Energy spending led most of the increase, up 95.9% year-over-year in December, INE said, driven by higher electricity generation, transmission and distribution costs.

Smartphones in Mordoe

In 2021, 35.2 million smartphones were imported into Russia for a total amount of 832 billion rubles. At the same time, spending on novelties increased by 32% compared to the previous year due to the increase in the cost of the new smartphones themselves. Experts do not exclude that deliveries to the country will decrease in 2022 even without any sanctions due to the fall in the purchasing power of the population.

Washington Post columnist Heather Long shared numbers from the inflation report

• Used cars 40.5% y/y
• Gas 40%
• Rental cars 29%
• Utility gas 24%
• Hotels 21%
• Furniture 20%
• Bacon 18%
• Steak 17%
• Peanut Butter 15.5%
• Pork 14.5%
• Fish 13%
• Eggs 13%
• New cars 12%
• Electric 11%
• Chicken 10%
• Oranges 10%

Rental inflation

In the 50 largest U.S. metropolitan areas, median rents rose by an astonishing 19.3% from December 2020 to December 2021, according to Realtor.com's analysis of properties with two or less bedrooms. And nowhere was the jump bigger than in the Miami metro area, where median rent rose to $2,850, up 49.8% from the previous year.

Elsewhere in Florida—Tampa, Orlando, and Jacksonville, as well as San Diego, Las Vegas, Austin, Texas, and Memphis, Tennessee—in the Sunbelt—were seeing spikes in more than 25 %.

Rising rents are a growing factor in high inflation, which has become one of the country's major economic problems. The Department of Labor data, which covers existing rents as well as new listings, shows a much smaller increase, but it is also growing. Rents rose 0.5% in January from December, the Labor Department said last week. It may not seem like much, but it was the biggest increase in the last 20 years and it is likely to increase.

Economists worry about the impact of rent increases on inflation because large jumps in new leases affect the US consumer price index, which is used to measure inflation.

Biden said that a record 40-year inflation in the United States is associated with sanctions against Russia

Finally they found someone to blame, not their QE and FED, of course.

Food prices

U.S. meat prices have nearly doubled in the past three months.

The German Farmers' Association has warned of an "unprecedented spike" in food prices, Spiegel writes, citing the organization's document.

“According to the document, agriculture, as well as the entire food chain, is facing a huge increase in costs, especially in the areas of energy, fuel, fertilizer and logistics,” the publication says. It is also reported that the farmers asked the authorities to immediately take measures to correct the situation.

The document predicts food problems in many regions of the world, primarily in Africa, Asia and the Middle East.

The government has already invited farmers to expand the land they use. And they also ask to be allowed to use pesticides on these lands.

However, Spiegel said that the rise in prices for agricultural products began before the events in Ukraine. In January 2022, they rose 21.7% higher than in the same month of 2021.