The Associated Press reported last week that US wholesale prices jumped 0.4% in September, continuing a three-month trend. This is in contrast to a Reuters report, also from last week, which showed a 0.8% drop in Japanese wholesale prices over the same month.
According to the Labor Department, September’s increase in the producer price index— which measures inflation before it reaches the consumer— followed a more modest 0.3% increase in August and a 0.6% hike in July. That figure was the largest monthly increase since late 2018.
Notably, September’s surge was larger than economists were expecting. Over the past year, inflation at the wholesale level is up 0.4%, while retail prices were also up by 0.2%. This, of course, is well below the Federal Reserve’s target of 2% for inflation. What’s clear is that inflation is accelerating, driven by a return to economic activity.
Naturally, this economic activity has not been without its challenges. Among these, as Rubeela Farooqi, chief U.S. economist for High Frequency Economics details, are “weak demand and ample excess capacity.”
Across the country and around the world, wholesalers have had to face the awesome tasks of managing supply, meeting demand, finding new markets and new customers, and exchanging goods for capital in a locked down, pandemic-riddled economy. Thankfully, new tools and resources are here to help.
Shop The Globe, a new global online wholesale marketplace owned by a global news company, has arrived. Shop The Globe eliminates the costly and redundant middlemen, helping wholesalers to cut costs in these uncertain times. Shop The Globe only charges sellers 12% of what they sell.
Shop The Globe allows sellers to post listings and news publications on our website at no upfront, out-of-pocket cost. With an easy sign-up process and minimal setup time, wholesalers are better able to get up and running on Shop The Globe quickly.
When we say “global,” we mean it. Shop The Globe operates in over 100 major languages, allowing you to reach customers in a language they understand. We also offer a wide variety of currencies, making the exchange of goods for capital easy. More of each are on the way.
Shop the Globe is our third site, along with Freelance Global Gigs, and parent site, Communal News. All three have established themselves quickly as global platforms, and demonstrated quick growth, all at no or very low cost to our vendors. Anyone can read our targeted articles on Communal News, Google News, or Facebook News.
Our Communal News contributors have a nose for news, and a keen eye on the markets. Communal News offers daily, up-to-date- reports and forecasts on a wide variety of products and services, markets and industries. We also provide news, business, sports, and analysis. For more information about our sites, click here.
Prices do go up, and demand with it. Let Shop The Globe help you find new customers, meet demand, and cut costs. Try it today! Shop the Globe’s Global Wholesale Vendor Registration is free.