Inflation is highest since 1981. Carter was the president - https://www.thebalance.com/president-jimmy-carter-s-economic-policies-4586571 Biden was around during those times - https://www.britannica.com/biography/Joe-Biden

1. COST OF LIVING –
UNITED STATES –
MARCH 2022
Paul Young CPA CGA
April 12, 2022

2. PAUL YOUNG - BIO
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. AGENDA
• CPI Index
• BMO – Consumer Price Index – United States
• Housing Price Index
• Gasoline Prices
• Average housing Price
• Producer Price Index
• Freight Index
• Blog – Cargo
• Blog – Supply Chain Disruption
• Blog – Stimulus and Inflation

4. THE USA – CPI INDEX Inflation (CPI) - USA -
March 2022.pdf

5. THE USA – CPI INDEX Inflation (CPI) - USA -
March 2022.pdf

6. THE USA – CPI INDEX Inflation (CPI) - USA -
March 2022.pdf

7. BMO –
CONSUMER
PRICE INDEX
Source – BMO - https://economics.bmo.com/en/publications/detail/ff2f6717-
39c9-47a5-922d-6650db7434be/
U.S. CPI More To The
Core.pdf

8. BMO – CONSUMER PRICE INDEX
Source -
https://economics.bmo.com/en/publications/detail/
2cb89f8c-5f2c-4cd1-b642-550ea67076e2/
Source – BMO - https://economics.bmo.com/en/publications/detail/f3043170-c659-40f3-
b37f-14ca75272422/
Canadian CPI — Got
Milk Inflation .pdf
U.S. CPI More To The
Core.pdf

9. OECD AND INFLATION

10. HOUSING PRICE INDEX
Source - https://fred.stlouisfed.org/series/CSUSHPINSA

11. PRODUCE
PRICE INDEX
Source -
https://www.bls.gov/news.re
lease/ppi.nr0.htm
Purchase Price Index
- February 2022 - USA.pdf

12. GASOLINE
PRICES
Source -
https://gasprices.aaa.com/

13. AVERAGE HOUSE PRICE
Source - https://fred.stlouisfed.org/series/MSPUS

14. FREIGHT COSTS
Source - https://fred.stlouisfed.org/series/PCU484121484121

15. CARGO
Blog - Retail Cargo Expected to Set Record in August
“Strong consumer demand has outpaced supply chain operations since late last year and could remain a challenge as the
holidays approach," Gold added. "The continuing lack of labor, equipment and capacity has highlighted systemic issues and the
need to create a truly 21st century supply chain to ensure resiliency against the next major disruption. Passage of infrastructure
legislation currently pending in Congress is a key step in that direction. We need continued focus by the administration to help
address these issues as well.”
Shipping and congestion continue to be a concern. “The strain of the continuing economic expansion is putting considerable
pressure on the logistics supply chain,” Hackett Associates Founder Ben Hackett said in a statement. “We’re seeing a lack of
shipping capacity combined with port congestion as vessels line up to discharge goods from both Asia and Europe. Delays are
stretching to landside as port terminals struggle with space shortages, and labor challenges are affecting ports, railroads and
trucking companies alike. This part of the recovery is not a pretty sight.”
https://www.mhlnews.com/global-supply-chain/article/21171732/retail-cargo-expected-to-set-record-in-
august?utm_source=IY+IW+QM+News&utm_medium=email&utm_campaign=CPS210809063&o_eid=7930I4506489J2B&rdx.ident%5Bpull%5
D=omeda%7C7930I4506489J2B&oly_enc_id=7930I4506489J2B
This ties nicely into my work on United States retail sales - https://www.slideshare.net/paulyoungcga/retail-sales-usa-june-2021
Blog – How to build a resilient Supply Chain using Data and AI
https://ibm.box.com/s/bqy9mr0ktlgi64sbf49o4rg5d9w0rqkn

16. SUPPLY CHAIN DISRUPTION
https://www.bnnbloomberg.ca/china-s-trade-unexpectedly-surges-despite-virus-outbreaks-
1.1648671?taid=61373efe2b6d260001ced600&utm_campaign=trueAnthem+Manual&utm_medium=trueAnthem&utm_s
ource=twitter
There are enormous issues with ports, rails, and other parts of the infrastructure's ability to move goods to the end
consumer. https://ibm.box.com/s/bqy9mr0ktlgi64sbf49o4rg5d9w0rqkn

17. STIMULUS AND INFLATION
COVID inflation is everywhere, but some have more of it than others. Among advanced economies, the U.S. is starting to
look like the outlier.
That’s probably because it did more fiscal stimulus in the pandemic, economists say. The consensus is that high inflation
won’t last long. But even if that’s right, the current elevated level has the potential to cause problems of its own -- for
President Joe Biden’s most ambitious economic plans at home, and for other countries too.
August data due Tuesday is set to show annual growth in U.S. consumer prices stayed above 5 per cent in August for a
third straight month, according to Bloomberg surveys. The median forecast was 5.3 per cent, down from 5.4 per cent the
previous month. Most other developed countries have seen a spike too -- just not nearly as big.
Source - https://www.bnnbloomberg.ca/u-s-inflation-is-starting-to-look-like-a-stimulus-led-outlier-1.1651314
My work - https://www.slideshare.net/paulyoungcga/fiscal-management-public-sector-united-states-250175562

18. WAGES
Blog - Proportion of businesses raising pay hits 48-year high: NFIB
The proportion of small businesses that raised pay in October hit a 48-year high, with a net 44% increasing compensation
and a net 32% planning to do so in the next three months, the National Federation of Independent Business (NFIB) said
Tuesday.
Optimism among owners toward the business outlook during the next six months slumped to the lowest level since
November 2012, NFIB said, citing a survey of 1,431 small businesses. “Owners have grown pessimistic about future
economic conditions,” the federation said, noting that 49% said they could not fill job openings and all but 10% reported
disruption from supply chain bottlenecks.
“One of the biggest problems for small businesses is the lack of workers for unfilled positions and inventory shortages,
which will continue to be a problem during the holiday season,” NFIB Chief Economist Bill Dunkelberg said.
https://www.cfodive.com/news/businesses-raising-pay-hits-48-year-high-
nfib/609756/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202021-11-
10%20CFO%20Dive%20%5Bissue:37915%5D&utm_term=CFO%20Dive
Blog – Employment – United States – October 2021 - https://www.slideshare.net/paulyoungcga/employment-and-labour-
market-the-united-states-october-2021

19. GREEN INFLATION
Blog - Decarbonization And 'Greenflation'
 Accelerating the transition toward low or net-zero carbon emissions is necessary to keep global warming at
theoretically safe levels.
 That will likely bring price shocks associated with rising metal prices, energy costs, and carbon taxes – what has
been called “greenflation”.
 Greening the economy will also require public spending and redistributive policies.
https://seekingalpha.com/article/4474720-decarbonization-and-greenflation?mail_subject=decarbonization-and-
greenflation&utm_campaign=nl-macro-view&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha
The world including the United States are seeing highest inflation since the 1980s (Source -
https://www.slideshare.net/paulyoungcga/cost-of-living-the-united-states-inflation-november-2021) and environment
- https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-threats-of-climate-change-250803941
Any significant change in tax and environmental policies will lead to changes in input costs for many businesses.
There are better ways to fixed issues with environment through more balance of policies that will not drive up the
inflation rates across the globe!
Additional link - https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-threats-of-climate-change-250803941

20. SUMMARY
• Inflation is highest since 1981. Carter was the president - https://www.thebalance.com/president-jimmy-carter-
s-economic-policies-4586571
• Biden was around during those times - https://www.britannica.com/biography/Joe-Biden
Inflation (CPI) - USA -
Mar ch 2022.pdf
U.S. CPI Mor e To The
Cor e.pdf
Inflation is highest since 1981. Carter was the president - https://www.thebalance.com/president-
jimmy-carter-s-economic-policies-4586571
Biden was around during those times - https://www.britannica.com/biography/Joe-Biden
Source - https://ca.finance.yahoo.com/news/u-inflation-quickens-8-5-123832743.html
Source - https://abcnews.go.com/Business/wireStory/us-inflation-jumped-85-past-year-highest-1981-
84030399
Gasoline Prices - https://gasprices.aaa.com/
BMO - https://economics.bmo.com/en/publications/detail/ff2f6717-39c9-47a5-922d-6650db7434be/
Blog – Cost of Living – United States – March 2022
E ur o s lips vs dollar
ahead of expected r ed-hot U.S. inflation.pdf
Inflation Monitor for
Apr il 11.pdf
Q&A Guy Cour tin of
Tecs ys on s upply chain and war ehous e management - Canadian Manufactur ing.pdf
The pandemic had
little impact on Canada’s legal cannabis s ales - Canadian Manufactur ing.pdf
3 Char ts That Show
How Ser ious the Affor dable Hous ing Cr is is Really Is Nas daq.pdf
Japan's pr oducer
pr ices r is e by 9.5% in Mar ch - TeleTr ader .com.pdf
U.S. gas pr ice dr ops
10 cents on aver age CTV News .pdf
Wor ld food
commodity pr ices incr eas e.pdf
Repor t on hous ing
cos ts exa mines r ole for municipalities in eas ing affor dability - BNN Bloomber g.pdf
Seven Steps to
Acceler ate Building Per mits in Canadian Municipalities Info-Tech Res ear ch Gr oup.pdf
Lumber pr ices
plummet as inflation kills home r enovation pr ojects Vancouver Sun.pdf
Cement pr ices s et to
incr eas e fur ther on higher r aw mater ial cos ts The Financial E xpr es s .pdf
Bols ter ed balance
s heets As s es s ing hous ehold finances s ince 2019.pdf
Hous ehold Debt and
USA.pdf
National Financial
Conditions Index (NFCI) - Feder al Res er ve Bank of Chicago.pdf
Could 3D hous ing be
in Detr oit’s futur e - Br idgeDetr oit.pdf
Ar e Cons umer s
Seeing a Futur e of E mpty Shelves SAP News Center .pdf
Thr ee dr iver s of
mar kets Macr on, UK s tagflation wor r ies and US pr ice data.pdf
Top 10 Cons tr uction
Stor ies This Week Four Reas ons for Runaway Steel Pr ices For Cons tr uction Pr os .pdf
Summary:
Source: