THE NEW YORK TIMES: Prices of clothes, lawn mowers and car parts surged in October, data released Wednesday showed, as supply chain disruptions continued to fuel shortages and raise transportation costs.
The increases drove the Consumer Price Index up 6.2 percent last month from the prior year, the fastest pace since 1990.
Factory shutdowns, clogged ports, a shortage of truckers and a surge in demand for imported products have combined to drive up shipping costs for food, furniture, automobiles and other products, which are being passed on in part to consumers. Major shipping companies like FedEx and UPS have announced rate increases. » | Ana Swanson | Wednesday, November 10, 2021
