Monday, June 14, 2021

Experts say no inflation!-----"...a whopping 547% higher than the seasonal average over the last five years..."

Facebook--Clarice Feldman
"matt:
"Transporting a 40-foot steel container of cargo by sea from Shanghai to Rotterdam now costs a record $10,522, a whopping 547% higher than the seasonal average over the last five years, according to Drewry Shipping. 
With upwards of 80% of all goods trade transported by sea, freight-cost surges are threatening to boost the price of everything from toys, furniture and car parts to coffee, sugar and anchovies, compounding concerns in global markets already bracing for accelerating inflation."

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