MarketsInsider/Ben Winck/3-22-2022
“Shipping costs remain elevated, and it usually takes 12 to 18 months for those higher costs to made their way to the prices Americans pay, Nicholas Sly, an economist at the Kansas City Fed, told The New York Times in a story published Monday. That means pricey shipping could keep inflation at worryingly high levels well into 2023 even if container prices start to fall.”
USAGOLD note: Under what circumstances do the currently sky-high shipping costs reverse themselves, not to speak of the rapidly rising cost of the goods being shipped?