Inflation arrived, and hyperinflation is coming!
Some sources claim that supermarkets are stocking up for food, reports quote inflation, but is that our only concern?
From supply chain issues to new lockdowns could affect the economic condition. It is the top of the current inflation.
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Inflation occurs because of Biden’s spending policies and social welfare programs that don’t end.
Simultaneously, everything is happening because we face decreased tax revenue and business expense due to canceled oil pipelines contracts. We are telling the truth, and right now, the situation is not very shiny, but maybe something can save us in 2022.
Until then, we can keep on reading and prepare ourselves for something very big.
Supermarkets Stock Up On Food, Office Supplies As They Brace For Even Higher Prices https://t.co/y54jTxFVKp
— Daily Caller (@DailyCaller) July 7, 2021
Daily Mail shared:
Supermarkets have started stockpiling food as inflation rises to its highest level in 13 years and they predict it will get worse.
Retailers are currently buying up to 25 percent more supplies than usual ahead of the predicted rise.
Recent data from the US Department of Agriculture revealed the consumer price index for grocery store and supermarket food purchases was up 0.7 percent in May compared to May of last year.
SA COVID UPDATE: Premier @marshall_steven, SA Health’s Professor Nicola Spurrier and Police Commissioner Grant Stevens will address South Australians at 11am. Join us LIVE on @Ch7Adelaide for special rolling coverage in Adelaide’s only local morning news service. #7NEWS pic.twitter.com/TPRjuI07Ke
— 7NEWS Adelaide (@7NewsAdelaide) June 30, 2021
The Guardian also reported:
Sainsbury’s has warned of gaps on shelves as supplies of some products including salads, beers and soft drinks run low because of shortages of lorry drivers and an uptick in staff forced to self-isolate because of covid-19.
Supplies of some non-food items has also been hit by global supply chain challenges caused by shortages of shipping containers, interruptions at factories and a shortfall in computer chips caused by surging demand for electronic equipment.
Simon Roberts, the Sainsbury’s chief executive, said demand for soft drinks, beer and barbecue foods had all been stronger than expected in recent weeks as families continue to eat more at home and friends gather around their television sets to watch the Euro 2020 football tournament.