What's Keeping Inflation Sticky
Bloomberg Businessweek US|March 06, 2023
○ Costs of moving goods by sea and by land aren’t coming down as fast as might be expected
What's Keeping Inflation Sticky

Supply chains around the world are mending almost as fast as they broke down. Even so, they’ll continue to put upward pressure on inflation.

The cost of sending a shipping container from China to the West Coast of the US increased more than fifteenfold during the pandemic. It’s returned to pre-Covid-19 levels as trade between the world’s two largest economies cools from a frenzied pace. But the cost of sending a container from Europe to the US East Coast is still more than double what it was in late 2019, according to data from Freightos Ltd., a digital marketplace.

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