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INFLATION

On Tuesday, President Biden was in Ohio to announce his plan to fight inflation. His remarks were like blaming your credit card for excessive spending.
Airlines, hotels, rental car companies and booking sites all reported a surge in demand for their services in the latest batch of company earnings. But at the same time, many of those companies face a tight labor market and limited volume.
Bird flu has wiped out more than 19 million egg-laying chickens on commercial U.S. farms this year in the worst outbreak since 2015, eliminating about 6% of the country's flock.
A regular weekly agriculture column from Alan Guebert

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Russia is the world's top exporter of crude and oil products combined, at about 7 million barrels per day (bpd ) or 7% of global supply. Such a ban would be unprecedented, turbocharging already sky-high prices and risking inflationary shock.
“Russia isn’t a gas station,” one global markets expert said last week, “It’s a commodity superstore.”
The economic gurus who drove the world into the current disaster are filling the pages of the Western media with wild “explanations” for rapidly expanding inflation.
The consumer price index increased 0.5% last month after advancing 0.8% in November. In addition to higher rents, consumers also paid more for food, though the 0.5% increase in food prices was less than in recent months.

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