The US will face rising inflation in 2021 because of a confluence of factors.
Let's take a look at these factors.
The oil price has been rising and is above US$50 now.
The USD index has been declining which is making imports more expensive.
The PMI prices and freight costs have been rising and this will impact PPI and CPI in the foreseeable future.
http://sg-stock.blogspot.com/2021/01/the-us-ism-pmi-improved-to-607-in.html
1 comment:
https://sg.finance.yahoo.com/news/world-food-price-index-rises-090511652.html
Food prices are rising too!
Post a Comment