"Cargo aging at the port is now down 37 percent, which is a major improvement," stated Richard F. de la Torre, community information officer of Long Beach City Development Services in a Dec. 8 email.
PWBM, a nonpartisan research-based initiative, estimates that the historic levels of inflation will require the average U.S. household to spend around $3,500 more in 2021 to achieve the same level of consumption of goods and services as in 2019 or 2020.
Inflation, shipping delays, supply-chain issues, pandemic lockdowns, and labor shortages have contributed to price increases and scarcities that have now started affecting food banks across the country.