S&P Global Mobility is likely to lower its 2022 global light vehicle forecast by 2.6 million units due to the impact of the Russia-Ukraine War. Parts shortages from Ukrainian suppliers could reduce European auto production by 700,000 units.
disastrous. how bad is the inflation that is coming at us for buying stuff at the grocery store? guest: we are going to see 3 percent to 5 percent higher on everything you see on table at dinner and, 10 percent, ultimately because it will not solve itself with south america crop. someone has to do without corn and we never had that situation. stuart: when price hikes hit? immediately? in the fall? guest: 3 percent to 5 percent in the fall and 10 percent when we do not have a way out of the issue. we have had technology keep us ahead of demand but now demand is outstripping our technology and we cannot bring the hybrids to market to give us more bushels and mother nature hurt us real bad. the only way out is to plant more corn. stuart: i have food price inflation, and gas price inflation and economy that is
than the past. that s right. we are getting to the inflection point in iran. they are using the tankers and they used up two-thirds of the tatchinger capacit yestoring million barrels that they cannot sell and they will be out of capacity in the next 20 or 30 days. they have 20 percent inflation and double digit inflation and they have to do something stupid and if they do something stupid. that s what the kansas city fed chief worried about for years. if you have a systemic shock in the global economy because of so low interest rates, there is no way for the fed to react. this could be a worst scace sceniario. and energy inflation and gas price inflation is still inflation . what does that mean for the commep then? that is an economic negative. if the worst comes to past.
average man or woman, do we have inflation, they will be sceptical if you say inflation is mild because you have food price inflation, you have got gas price inflation. i have gas at a national average of $3.98 a gallon. you don t have wage inflation unfortunately. reporter: it would seem sooner or later, pretty soon, actually, you will have inflation in food and energy break out into all kind of other products. i think you will see inflation keep edging up. whether it goes way up there, that s something i m not prepared to forecast. but inflation is edging higher, period. anything we can do about it? reporter: you can stop printing money by the federal reserve. you can make serious spending