For products as diverse as lumber and microchips, price increases are filtering through the economy.
Alan Rappeport and
Widespread Commodity Shortages Raise Inflation Fears
WASHINGTON — In a normal year, Ron Whalen, vice president of Roger B. Kennedy Construction, receives one or two “Dear Valued Customer” letters from suppliers notifying him of price increases for certain materials. This year, a stack of 30 such warnings sits on his desk in Orlando, Fla., alerting him that things as diverse as lumber, drywall, aluminum and steel are going to cost 10 to 20 percent more.
The notices are the result of commodity shortages that are rippling across the United States economy as growing demand for housing, cars, electronics and other goods runs up against supply chain congestion and high tariffs left behind by former President Donald J. Trump.
The Mother of all Economic Crisis - 2022
Exponential Inflation/Deflation?
