Zacks Investment Research | Jul 13, 2021 11:10PM ET
The cost of living in the United States has surged the most in 13 years as economic recovery has gathered momentum. This is especially true as consumer prices increased 5.4% year over year in June, representing the biggest monthly gain since August 2008. More than one-third price surge came from used cars and trucks.
The so-called core price index, which excludes the often-volatile categories of food and energy, rose 4.5%. Prices have risen for almost everything from raw materials to food as well as shipping to travel-related services costs thanks to accelerating demand and limited supply. There have been shortages on the supply side of the U.S. economy given lack of commodities, labor shortages and other inputs to produce the totality of all the goods and services demanded by other businesses and American consumers.
In particular, supply chain bottlenecks led to a rise in prices of steel, lumber, agricultural commodities, industrial metals like copper and house rents. Additionally, a global semiconductor shortage has curtailed the motor vehicle production, leading to spike in vehicle prices. Huge infrastructure and stimulus packages in the United States have also been viewed as a key contributing factor to inflation. As a result, groceries like fruits, vegetables, meats, poultry, fish, and eggs are getting more expensive while gas prices are also rising (read: NANR
This ETF provides exposure to U.S. and Canadian publicly traded large and mid-cap companies within the sub???industries of the energy, metals & mining or agriculture categories with 45%, 35% and 20% share, respectively. It follows the S&P BMI North American Natural Resources Index, holding 30 stocks in its basket. The fund has amassed $511.1 million and charges 35 bps in annual fees. It trades in a moderate volume of 106,000 shares a day on average.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
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