Rising prices: Key inflation measure hits a 39-year high

The US consumer price inflation index rose 7% over the past year before seasonal adjustments, the steepest climb in prices since June 1982, the Bureau of Labor Statistics reported Wednesday.
It was also a faster rate of increase than November’s 6.8%, and higher than economists had predicted.

Stripping out food and energy costs, which tend to be more volatile even in non-pandemic times, inflation rose to 5.5% between December 2020 and December 2021 — the biggest annual jump since February 1991. That was a much faster pace than in November, when core inflation stood at 4.9%.

Separately, the food price index climbed 6.3%, while grocery prices rose even more: 6.5% last year. The energy cost index rose 29.3% over the past year.

But even though prices went through the roof last year, they are still nowhere near the historic highs from the 1980s. Inflation peaked in the spring of 1980 at 14.8% without seasonal adjustments, 14.6% with adjustments.

For the month of December alone, prices rose 0.5%, adjusted for seasonal swings. It was slightly more than economists had forecast but a decrease from the 0.8% monthly increase in November.

What got more expensive?

Price trackers for housing as well as used cars and trucks were the biggest contributors to the December price hikes.

Food costs also went up — rising 0.5% — but at a slightly slower pace than in recent months. Prices rose in nearly all major grocery categories, with fruit and vegetable prices rising the most.

Energy costs declined by 0.4%, marking the first monthly decline since April 2021. But the decrease is unlikely to last into 2022.

“Unfortunately, energy prices have rebounded into January after a temporary Omicron-hit in December,” said Action Economics chief economist Mike Englund. He also expects that 12-month inflation data will continue to trend higher until at least February, data for which will be released in March.

This is a developing story. It will be updated

Rising wood prices impact your toilet paper

“We’ve never seen monthly price increases like this in the history of the business,” said Brian McClay, a pulp industry analyst. “It’s unheard of.”

Prices for market pulp have jumped from $606 per metric ton in September to more than $907 per metric ton in April, McClay said.

A combination of factors has driven prices higher, including a post-Covid recovery in China, the biggest buyer of pulp in the world, and global shipping delays, he said.

Consumer manufacturers purchase pulp on the open market and then use it to make toilet paper and other tissue products. Around 70% of the pulp that US consumer manufacturers buy for toilet paper comes from Brazil, McClay said, followed by around 30% from Canada.

Pulp is just the latest example of a raw-material shortage hitting the US economy as it recovers from shutdowns that disrupted supply chains and altered consumer behavior. Lumber, steel, computer chips, chlorine, and even human labor is hard to find.
Consumer Brands Association, the trade group for consumer packaged goods’ manufacturers, said Thursday in a blog post that rising wood pulp prices are having an impact on toilet paper production costs.

Toilet paper prices for consumers have increased during the pandemic, and one leading toilet paper manufacturer said it’s raising the prices it charges retailers for Scott in part because of higher pulp costs.

Toilet paper prices increased 15.6% during the 52 weeks ending May 1 compared to the year prior, according to the latest numbers from NielsenIQ, which tracks point of sale data from retailers.

Kimberly Clark (KMB), the maker of Scott toilet paper, plans to increase prices to retailers on Scott and its other brands by mid-to-high single-digit percentages next month. The increases “are necessary to help offset significant commodity cost inflation,” Kimberly-Clark said.

“Selling prices of tissue products are influenced, in part, by the market price for pulp,” the company said in its latest securities’ filing.

Rising to the Responsible Business Challenge

There was one recurring topic at the virtual World Economic Forum (WEF) which resonated strongly: increasing commitment by global leaders to move beyond maximizing shareholder value, and expanding companies’ focus on sustainable value creation for society. Investors are calling for new metrics beyond financial performance, and demanding transparency that would allow them to make more enlightened investment decisions. The investment world is clearly shifting. Norway’s sovereign wealth fund – the world’s largest – at the end of 2020 sold its entire portfolio of companies focused on fossil fuels.

Over 60 major companies from all over the world with a combined market cap of $7 trillion and millions of employees, including Accenture, have already signed on to the WEF “Stakeholder Capitalism Metrics”.

ESG (environmental, social and governance reporting) has entered the mainstream!

Adoption of comparable, broader value metrics is an encouraging and positive step forward. But the decisions we take to turn the noble stakeholder goals into reality is what will count more, in the end.

Where to start?

  1. By recognizing that the future will not be an extension of the past. In our study “Society Disrupted. Now What?” we highlight how a series of emerging lifestyles will profoundly change the demand game in the market. Responsible denizens will demand greater transparency about the origin of the goods they are buying; think smart consumers who want to track and trace where their seafood or tea come from, not only whether it will arrive on time. The appeal of your brand will be increasingly intertwined with how responsible your supply chain practices are, and the built-in sustainability features of your products and services. Small, innovative companies are already responding to this demand. Teapasar, a Singaporean-based food tech start up, utilizes its “ProfilePrint” technology to verify the tea’s “fingerprint”, which provides information like its origins, terroir and harvest age. The company aims to prevent unfair pricing and misrepresentation, and to authenticate tea leaves sold by retailers at a fraction of the cost.
  2. By adopting modern performance measurement frameworks that help focus the attention of management on “metrics that matter” to all your stakeholders. Companies need to set targets and measure progress for the new forms of value creation: better customer and supplier experience, more environmentally sustainable practices, new skills and jobs for the future, and broader contribution to the communities in which they operate. We believe that new measures focused on non-financial performance are essential to driving stakeholder value. For instance, when companies develop a business case for cloud technology adoption, they will have to consider the net environmental benefits in the long-run, together with a tangible outcome in upskilling the employees for the new roles that the massive availability of data and artificial intelligence are making available.

Accenture analysis suggests that by pursuing a green approach, migrations to the public cloud can reduce global carbon (CO2) emissions by 59 million tons of CO2 per year. This magnitude of reduction can go a long way in meeting climate change commitment and strengthening the role of businesses in a circular economy.

Creating and operating a responsible business is no longer optional – it is the necessary path to future success.

These are the conversations we’re having with clients today. These are the actions that will take us to a future where business can ensure that inclusive social progress and environmental responsibility are prioritized alongside economic growth. 2021 makes it an exciting and meaningful time to lead in business.

I’d like to thank my colleagues, Vedrana Savic and Claire Aubertin-Noel, for co-authoring this blog with me.

Big Data Technology and Services Market Size, Rising Impact of COVID-19, Growth Analysis, Business Opportunities and Overview Forecast to 2026

The MarketWatch News Department was not involved in the creation of this content.

Feb 05, 2021 (Market Insight Reports) —
ARC Reports Store Newly introduced “Big Data Technology and Services Market” research report which provides an in-depth scenario analysis of the market size, share, demand, growth, trends, and forecast for the market from 2020 to 2026. The report covers the impact analysis of the COVID-19 pandemic. The COVID-19 pandemic has affected export-import, demand, and industry trends and is expected to have an economic impact on the market.

Download PDF Sample of Big Data Technology and Services Market report @https://arcreportsstore.com/request-a-sample/23326

The report provides a comprehensive analysis of the impact of the pandemic on the entire industry and provides an overview of a post-COVID-19 market scenario. Big Data is a term used for a large collection of complex data that is difficult to process using traditional applications/tools. This is more than terabyte of data., The Big Data Technology and Services market revenue was xx.xx Million USD in 2019, and will reach xx.xx Million USD in 2025, with a CAGR of x.x% during 2020-2025.

Under COVID-19 outbreak globally, this report provides 360 degrees of analysis from supply chain, import and export control to regional government policy and future influence on the industry. Detailed analysis about market status (2015-2020), enterprise competition pattern, advantages and disadvantages of enterprise products, industry development trends (2020-2025), regional industrial layout characteristics and macroeconomic policies, industrial policy has also been included. From raw materials to end users of this industry are analyzed scientifically, the trends of product circulation and sales channel will be presented as well. Considering COVID-19, this report provides comprehensive and in-depth analysis on how the epidemic push this industry transformation and reform.

In COVID-19 outbreak, Chapter 2.2 of this report provides an analysis of the impact of COVID-19 on the global economy and the Big Data Technology and Services industry. , Chapter 3.7 covers the analysis of the impact of COVID-19 from the perspective of the industry chain. , In addition, chapters 7-11 consider the impact of COVID-19 on the regional economy.

Find Complete Report Details at: https://arcreportsstore.com/report/2020-27-big-data-technology-and-services-market-23326

The Big Data Technology and Services market can be split based on product types, major applications, and important countries as follows:

Fill-in for Contact Form for Tailor-made List

Key players in the global Big Data Technology and Services market covered in Chapter 12: Oracle Corporation, HP, SAP SE, Teradata, Dell Incorporation (EMC), Amazon Web services, SAS Institute, IBM, Cisco Corporation, Microsoft Corporation,..

In Chapter 4 and 14.1, on the basis of types, the Big Data Technology and Services market from 2015 to 2025 is primarily split into: Server, Storage, Networking, Software, Services,..

In Chapter 5 and 14.2, on the basis of applications, the Big Data Technology and Services market from 2015 to 2025 covers: Manufacturing, Banking, Education, Healthcare, Government, Retail & Consumer Goods, Energy & Utilities, Others,..

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions are covered in Chapter 6, 7, 8, 9, 10, 11, 14:, North America (Covered in Chapter 7 and 14), United States, Canada, Mexico, Europe (Covered in Chapter 8 and 14), Germany, UK, France, Italy, Spain, Russia, Others, Asia-Pacific (Covered in Chapter 9 and 14), China, Japan, South Korea, Australia, India, Southeast Asia, Others, Middle East and Africa (Covered in Chapter 10 and 14), Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Others, South America (Covered in Chapter 11 and 14), Brazil, Argentina, Columbia, Chile, Others, Regional scope can be customized

Years considered for this report:, Historical Years: 2015-2019, Base Year: 2019, Estimated Year: 2020, Forecast Period: 2020-2025

Discount @ https://arcreportsstore.com/check-discount/23326

Some Point of Table of Content:

Chapter One: Big Data Technology and Services Introduction and Market Overview

Chapter Two: Executive Summary

Chapter Three: Industry Chain Analysis

Chapter Four: Global Big Data Technology and Services Market, by Type

Chapter Five: Big Data Technology and Services Market, by Application

Chapter Six: Global Big Data Technology and Services Market Analysis by Regions

Chapter Seven: North America Big Data Technology and Services Market Analysis by Countries

Chapter Eight: Europe Big Data Technology and Services Market Analysis by Countries

Chapter Nine: Asia Pacific Big Data Technology and Services Market Analysis by Countries

Chapter Ten: Middle East and Africa Big Data Technology and Services Market Analysis by Countries

Chapter Eleven: South America Big Data Technology and Services Market Analysis by Countries

Chapter Twelve: Competitive Landscape
12.1 Oracle Corporation
12.1.1 Oracle Corporation Basic Information
12.1.2 Big Data Technology and Services Product Introduction
12.1.3 Oracle Corporation Production, Value, Price, Gross Margin 2015-2020
12.2 HP
12.2.1 HP Basic Information
12.2.2 Big Data Technology and Services Product Introduction
12.2.3 HP Production, Value, Price, Gross Margin 2015-2020
12.3 SAP SE
12.3.1 SAP SE Basic Information
12.3.2 Big Data Technology and Services Product Introduction
12.3.3 SAP SE Production, Value, Price, Gross Margin 2015-2020
12.4 Teradata
12.4.1 Teradata Basic Information
12.4.2 Big Data Technology and Services Product Introduction
12.4.3 Teradata Production, Value, Price, Gross Margin 2015-2020
12.5 Dell Incorporation (EMC)
12.5.1 Dell Incorporation (EMC) Basic Information
12.5.2 Big Data Technology and Services Product Introduction
12.5.3 Dell Incorporation (EMC) Production, Value, Price, Gross Margin 2015-2020
12.6 Amazon Web services
12.6.1 Amazon Web services Basic Information
12.6.2 Big Data Technology and Services Product Introduction
12.6.3 Amazon Web services Production, Value, Price, Gross Margin 2015-2020
12.7 SAS Institute
12.7.1 SAS Institute Basic Information
12.7.2 Big Data Technology and Services Product Introduction
12.7.3 SAS Institute Production, Value, Price, Gross Margin 2015-2020
12.8 IBM
12.8.1 IBM Basic Information
12.8.2 Big Data Technology and Services Product Introduction
12.8.3 IBM Production, Value, Price, Gross Margin 2015-2020
12.9 Cisco Corporation
12.9.1 Cisco Corporation Basic Information
12.9.2 Big Data Technology and Services Product Introduction
12.9.3 Cisco Corporation Production, Value, Price, Gross Margin 2015-2020
12.10 Microsoft Corporation
12.10.1 Microsoft Corporation Basic Information
12.10.2 Big Data Technology and Services Product Introduction
12.10.3 Microsoft Corporation Production, Value, Price, Gross Margin 2015-2020

Chapter Thirteen: Industry Outlook continue…

Purchase @ https://arcreportsstore.com/purchase/23326

List of tables
List of Tables and Figures
Figure Product Picture of Big Data Technology and Services
Table Product Specification of Big Data Technology and Services
Table Big Data Technology and Services Key Market Segments
Table Key Players Big Data Technology and Services Covered
Figure Global Big Data Technology and Services Market Size, 2015 – 2025
Table Different Types of Big Data Technology and Services
Figure Global Big Data Technology and Services Value ($) Segment by Type from 2015-2020
Figure Global Big Data Technology and Services Market Share by Types in 2019
Table Different Applications of Big Data Technology and Services
Figure Global Big Data Technology and Services Value ($) Segment by Applications from 2015-2020
Figure Global Big Data Technology and Services Market Share by Applications in 2019
Figure Global Big Data Technology and Services Market Share by Regions in 2019
Figure North America Big Data Technology and Services Production Value ($) and Growth Rate (2015-2020)
Figure Europe Big Data Technology and Services Production Value ($) and Growth Rate (2015-2020)
Figure Asia Pacific Big Data Technology and Services Production Value ($) and Growth Rate (2015-2020)
Figure Middle East and Africa Big Data Technology and Services Production Value ($) and Growth Rate (2015-2020)
Figure South America Big Data Technology and Services Production Value ($) and Growth Rate (2015-2020)
Table Global COVID-19 Status and Economic Overview
Figure Global COVID-19 Status
Figure COVID-19 Comparison of Major Countries
Figure Industry Chain Analysis of Big Data Technology and Services
Table Upstream Raw Material Suppliers of Big Data Technology and Services with Contact Information
Table Major Players Headquarters, and Service Area of Big Data Technology and Services
Figure Major Players Production Value Market Share of Big Data Technology and Services in 2019
Table Major Players Big Data Technology and Services Product Types in 2019
Figure Production Process of Big Data Technology and Services
Figure Manufacturing Cost Structure of Big Data Technology and Services
Figure Channel Status of Big Data Technology and Services
Table Major Distributors of Big Data Technology and Services with Contact Information
Table Major Downstream Buyers of Big Data Technology and Services with Contact Information
Table Global Big Data Technology and Services Value ($) by Type (2015-2020)
Table Global Big Data Technology and Services Value Share by Type (2015-2020)
Figure Global Big Data Technology and Services Value Share by Type (2015-2020)
Table Global Big Data Technology and Services Production by Type (2015-2020)
Table Global Big Data Technology and Services Production Share by Type (2015-2020)
Figure Global Big Data Technology and Services Production Share by Type (2015-2020)
Figure Global Big Data Technology and Services Value ($) and Growth Rate of Server (2015-2020)
Figure Global Big Data Technology and Services Value ($) and Growth Rate of Storage (2015-2020)
Figure Global Big Data Technology and Services Value ($) and Growth Rate of Networking (2015-2020)
Figure Global Big Data Technology and Services Value ($) and Growth Rate of Software (2015-2020)
Figure Global Big Data Technology and Services Value ($) and Growth Rate of Services (2015-2020)
Figure Global Big Data Technology and Services Price by Type (2015-2020)
Figure Downstream Market Overview
Table Global Big Data Technology and Services Consumption by Application (2015-2020)
Table Global Big Data Technology and Services Consumption Market Share by Application (2015-2020)
Figure Global Big Data Technology and Services Consumption Market Share by Application (2015-2020)
Figure Global Big Data Technology and Services Consumption and Growth Rate of Manufacturing (2015-2020)
Figure Global Big Data Technology and Services Consumption and Growth Rate of Banking (2015-2020)
Figure Global Big Data Technology and Services Consumption and Growth Rate of Education (2015-2020)
Figure Global Big Data Technology and Services Consumption and Growth Rate of Healthcare (2015-2020)
Figure Global Big Data Technology and Services Consumption and Growth Rate of Government (2015-2020)
Figure Global Big Data Technology and Services Consumption and Growth Rate of Retail & Consumer Goods (2015-2020)
Figure Global Big Data Technology and Services Consumption and Growth Rate of Energy & Utilities (2015-2020)
Figure Global Big Data Technology and Services Consumption and Growth Rate of Others (2015-2020)
Figure Global Big Data Technology and Services Sales and Growth Rate (2015-2020)
Figure Global Big Data Technology and Services Revenue (M USD) and Growth (2015-2020)
Table Global Big Data Technology and Services Sales by Regions (2015-2020)
Table Global Big Data Technology and Services Sales Market Share by Regions (2015-2020)
Table Global Big Data Technology and Services Revenue (M USD) by Regions (2015-2020)
Table Global Big Data Technology and Services Revenue Market Share by Regions (2015-2020)
Table Global Big Data Technology and Services Revenue Market Share by Regions in 2015
Table Global Big Data Technology and Services Revenue Market Share by Regions in 2019
Figure North America Big Data Technology and Services Sales and Growth Rate (2015-2020)
Figure Europe Big Data Technology and Services Sales and Growth Rate (2015-2020)
Figure Asia-Pacific Big Data Technology and Services Sales and Growth Rate (2015-2020)
Figure Middle East and Africa Big Data Technology and Services Sales and Growth Rate (2015-2020)
Figure South America Big Data Technology and Services Sales and Growth Rate (2015-2020)
Figure North America COVID-19 Status
Figure North America COVID-19 Confirmed Cases Major Distribution
Figure North America Big Data Technology and Services Revenue (M USD) and Growth (2015-2020)
Table North America Big Data Technology and Services Sales by Countries (2015-2020)
Table North America Big Data Technology and Services Sales Market Share by Countries (2015-2020)
Table North America Big Data Technology and Services Revenue (M USD) by Countries (2015-2020)
Table North America Big Data Technology and Services Revenue Market Share by Countries (2015-2020)
Figure United States Big Data Technology and Services Sales and Growth Rate (2015-2020)
Figure Canada Big Data Technology and Services Sales and Growth Rate (2015-2020)
Figure Mexico Big Data Technology and Services Sales and Growth (2015-2020)
Figure Europe COVID-19 Status
Figure Europe COVID-19 Confirmed Cases Major Distribution
Figure Europe Big Data Technology and Services Revenue (M USD) and Growth (2015-2020)
Table Europe Big Data Technology and Services Sales by Countries (2015-2020)
Table Europe Big Data Technology and Services Sales Market Share by Countries (2015-2020)
Table Europe Big Data Technology and Services Revenue (M USD) by Countries (2015-2020)
Table Europe Big Data Technology and Services Revenue Market Share by Countries (2015-2020)
Figure Germany Big Data Technology and Services Sales and Growth Rate (2015-2020)
Figure UK Big Data Technology and Services Sales and Growth Rate (2015-2020)
Figure France Big Data Technology and Services Sales and Growth (2015-2020)
Figure Italy Big Data Technology and Services Sales and Growth (2015-2020)
Figure Spain Big Data Technology and Services Sales and Growth (2015-2020)
Figure Russia Big Data Technology and Services Sales and Growth (2015-2020)
Figure Asia Pacific COVID-19 Status
Figure Asia Pacific Big Data Technology and Services Revenue (M USD) and Growth (2015-2020)
Table Asia Pacific Big Data Technology and Services Sales by Countries (2015-2020)
Table Asia Pacific Big Data Technology and Services Sales Market Share by Countries (2015-2020)
Table Asia Pacific Big Data Technology and Services Revenue (M USD) by Countries (2015-2020)
Table Asia Pacific Big Data Technology and Services Revenue Market Share by Countries (2015-2020)
Figure China Big Data Technology and Services Sales and Growth Rate (2015-2020)
Figure Japan Big Data Technology and Services Sales and Growth Rate (2015-2020)
Figure South Korea Big Data Technology and Services Sales and Growth (2015-2020)
Figure India Big Data Technology and Services Sales and Growth (2015-2020)
Figure Southeast Asia Big Data Technology and Services Sales and Growth (2015-2020)
Figure Australia Big Data Technology and Services Sales and Growth (2015-2020)
Figure Middle East Big Data Technology and Services Revenue (M USD) and Growth (2015-2020) continue…

If you have any special requirements, please let us know and we will offer you the report as you want.

ABOUT US

ARCReports Store is a market research company that helps connect global differentials, break market entry barriers, track the latest developments surrounding the market thesis, develop market strategies and plan for the future by providing concrete actionable market research intelligence that can help them succeed. Our goals include offering accurate and relevant market intelligence that makes taking business decisions towards succeeding in today’s business environments.

We offer a range of syndicated and regional market studies to our customers. These services include uniquely customized market intelligence that are better suited to their needs in accordance to their geographical, industrial, economical and technological needs.

Contact Us:
Ranjeet Dengale
Director Sales
ARC REPORTS STORE [OPC] PVT. LTD.
08983844448
Email:[email protected]

NOTE: Our report does take into account the impact of coronavirus pandemic and dedicates qualitative as well as quantitative sections of information within the report that emphasizes the impact of COVID-19.

As this pandemic is ongoing and leading to dynamic shifts in stocks and businesses worldwide, we take into account the current condition and forecast the market data taking into consideration the micro and macroeconomic factors that will be affected by the pandemic.

COMTEX_380250489/2599/2021-02-05T02:37:16

Is there a problem with this press release? Contact the source provider Comtex at [email protected] You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.