Article Image

IPFS News Link • Inflation

Hyperinflation begins: Supplies of everything are running short as prices soar

• Natural News - Ethan Huff

All across the spectrum in nearly every economic sector, shortages are plaguing the supply chain. This is exacerbating an already inflationary environment to the point that Weimar-style hyperinflation could be the next domino to fall.

"Our worldwide supply chain, and ability to provide products and services to you, is being significantly impacted by increased prices resulting from labor and raw material shortages, escalating raw material prices, manufacturing delays and transit interruptions," says Bank of America Chief Investment Officer Michael Hartnett.

"Stated directly, our costs are increasing and are much more volatile than in the past," Harnett added, pointing to several factors that are making the situation worse rather than better.

Earlier in the month, we reported that coffee prices were on the rise due to supply chain disruptions caused by shortages in shipping containers where they needed to be. Now it appears that most other sectors are seeing similar disruptions.

A majority of manufacturing firms across multiple sectors reported in a recent Atlanta Fed survey that supply chain disruptions are negatively affecting production. Nearly 60 percent of respondents say they have had to find new suppliers due to these disruptions while 58 percent say they have had to start building extra inventories.