Inflation numbers may be down, but many products aren’t getting any cheaper at U.S. stores. A perfect storm of supply chain issues, shortages, and slower production are contributing to a new wave of price increases. In fact, several household items are set to double in price this fall, according to a new GOBankingRates analysis, and the changes may shock many Americans who haven’t seen costs going up this fast in their lifetime. For example, Publishers around the globe are preparing for worst-case scenarios amid the soaring cost and scarcity of paper that threatens the future of their print newspapers and magazines. Continued below the vid
In the UK, Newsprint was priced at around 360 pounds ($426) per ton in the first quarter of 2023; now the price has almost doubled to around £710 ($841), said Rick Stunt, group paper director at DMG media, which prints The Daily Mail and dozens of regional titles. It represents a 40% premium on the historic high of 510 pounds per ton, he said. In the US, the price has risen by a similar percentage, to around $800 a ton, according to Stunt. “These are big increases. We don’t usually get this over an 18-month period,” said Stunt. “In the past, really big increases were about 20 to 25%.” As the world became more digital, reduced demand for paper in the past three decades led paper mills across the world to shut down.
Biden Lets the Truth About the ‘Inflation Reduction Act’ Slip: ‘I Wish I Hadn’t Called It That’ – Gateway Pundit
Then the pandemic broke out and the labor shortages and supply chain disruptions followed. Added to an already stressed market, demand for cardboard packages soared amid the e-commerce boom. This year, ballooning energy costs will make an already bad situation worse for paper supply. “From an industry perspective it’s a disaster because you’ve got no choice but to reduce the amount of pages you print, choose to increase your cover price, or a combination thereof — and that will reduce demand,” said an executive at the New York Times, who said prices will go up between 35% and 40%. Meanwhile, the cost of stationery supplies is about to go through a seasonal shift as we approach the back-to-school season. The shortage of paper can push the cost of some products — including books, notebooks, writing pads, envelopes, and more, — up by 50%, the data showed. Continued below the vid
Inflation rising again pic.twitter.com/2kxtheMEtc
— Peter St Onge, Ph.D. (@profstonge) August 11, 2023
Other items such as pens and markers are going up more slowly, but reduced plastic production can be a contributing factor to higher prices. At the same time, a shortage of plastic is being a catastrophe for toy manufacturers, who should already be shipping their products ahead of the holiday shopping season. Delivery delays are expected, and the category of toys and games is at risk of facing shortages during the busiest shopping season of the year. In other words, many popular products amongst kids will be harder to find and may cost from 17% to a whopping 68% more, according to the analysts. The fact the retailers have sharply reduced inventory may collide with seasonal shifts in consumer demand. That means product stockouts will become more frequent from now on, and some cheap everyday essentials are likely to shoot up in price as well. That’s why today, we decided to list which household items going to become more expensive in the coming months.
Endless Wars, Welfare & “Stimmies” Aren’t “FREE” — Inflation Is The Tax – Ron Paul Liberty Report
When a government spends money it doesn’t have (which is how the U.S. federal government routinely operates) that money must come from somewhere. The unconstitutional Federal Reserve often ends up printing (i.e., counterfeiting) it into existence for the government to spend. The counterfeiting of new money destroys the value of the money already in existence. Inflation is the tax. There is no free lunch; especially from government.
Mr. President, I’m happy to hear you support a bill I introduced this Congress to prohibit consideration of bills like the IRA, whose titles do not adequately express their contents. FACT: The IRA did NOT reduce inflation. Another Biden lie and failure. – Washington Examiner
Comments – Threads – Links
- “Bidenomics” means record inflation, hollowed out savings, and crushing interest rates. The economic policies of this administration are causing Americans to fall further behind. – Shelley Moore Capito – clip
- Federal government’s spending and money printing spree causing ‘inflation tax’ which is greater than income tax – Daily BS – Bo Snerdly
- Joe Biden’s record is full of, well, records… The most US suicides ever in a year – 50,000 in 2022 The most drug overdose deaths in a year – 106,000 in 2021 The highest inflation in 40 years – 8.9% in June 2022 The most illegal immigrants in a year – 2.76 million+ in 2022 The highest US avg gas price on record – $5.02 in June 2022 The most consumer credit card debt on record – $1 trillion in 2023 The most kids diagnosed with gender dysphoria – 42,000 in 2021 – Charlie Kirk
- A stunning admission. As I’ve said time and again, the Orwellian-named “Inflation Reduction Act” didn’t actually reduce inflation, it kept inflation going. And 60% of clean-energy projects in the bill went to foreign companies! That’s Bidenomics. – Rep. David Schweikert
- No, July’s CPI report shows we are stuck in stagflation. Inflation is 3.2% year over year. June’s CPI was at 3.0% year over year. Food and energy are even higher. In other words, inflation’s getting worse, not better. Americans know the truth. – David Asman
- Biden says the Inflation Reduction Act didn’t have much to do with reducing inflation – Just The News – John Solomon
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