Resolving supply constraints caused by the bottlenecks that piled up during the pandemic should help to return inflation more rapidly to normal levels, recent figures suggest
The Drewry World Container Index, which measures the price of a range of 40-foot containers across major shipping routes, has declined by 61% year on year. In September last year the index was logging all-time highs at over $10,000; on September 29th, it dropped to $4,014. Costs have declined consistently each week since February, but the recent fall has been notably sharper. Average costs are down by almost $2,000 in the past five weeks.
Shipping costs between Shanghai and America’s west coast have dropped most sharply. Prices of containers between Shanghai and Los Angeles are down 73% year-on-year, as congestion and blockages of China’s ports have eased. The story is the same on the other side of the Pacific. The Marine Exchange of Southern California reported only six container ships in queues for the ports of Los Angeles and Long Beach earlier this month, down from 109 at the peak in January.explains much of the change.
There are still some blockages on America’s east and gulf coasts, and delays to transshipment in various parts of the world. Indeed, container costs overall are still markedly higher than they were before the pandemic, meaning there may be more room for them to fall. Research published in August by the Federal Reserve Bank of New York indicates that about 40% of the rise in prices between 2019 and 2021 was due to supply shocks. That suggests inflation over those two years would have been more like 6% without the many bottlenecks that popped up around the world.
As a result, resolving such constraints should help to return inflation more rapidly to normal levels. Research by the Bank for International Settlements, a club of central banks, suggests that a speedy resolution of supply-chain snarl-ups would be the difference between American inflation falling to around 2% in 2024 or remaining above 3%.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Tories 'planning benefits cut to pay for its tax giveaway'Welfare claimants could be plunged further into a cost of living crisis as the government tries to dig itself out of a financial hole.
続きを読む »
China's Largest Fuel Export Quota Of 2022 Could Spark Oil Demand Growth | OilPrice.comGlobal oil demand could soon pick up pace after the world’s top crude oil importer, China, issued its biggest fuel export quotas to its refiners for this year.
続きを読む »
How I Learned To Love Bras (Again)“The world is round but I am flat. As such, bras have been my struggle for years and years.”
続きを読む »
Windows 11 update gives users more control over what's using a fileThanks to PowerToys, you'll soon be able to see why a file is taking up a process.
続きを読む »
Cost of living tips: How to cut energy and heating costs at homeConsumer Affairs Correspondent Colletta Smith has picked out some of the best ways to cut costs in your home.
続きを読む »