2 years ago
A Big Flashing Signal That Goods Could Get Cheaper Soon
In May 2021, a shipping source told me to expect the “transitory” inflation Americans were seeing to get much worse. His cost to ship containers from China to the U.S. had jumped from $2,000 prepandemic to $20,000. So companies selling imported goods—from clothing to food—would soon pass that 10X increase to us. He planned to do his holiday shopping early.
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