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Plastic is showing similar trends. $0.45 prior to Covid, peaked at $1.35/lb, and is now back down to 0.75-0.80/lb. This drives a lot of consumer inflation becau
by mediaman 4y ago
Plastic is showing similar trends. $0.45 prior to Covid, peaked at $1.35/lb, and is now back down to 0.75-0.80/lb. This drives a lot of consumer inflation because of packaging.
International freight, also. Ningbo-LA ran from $3,500 pre-Covid up to $22k last August/September, now down to around $9k.
Overall, still up a lot compared to 2019, but substantial drops in many commodities compared to peak.