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Used vehicles lift U.S. consumer prices, but inflation slowing

Used vehicles lift U.S. consumer prices, but inflation slowing

By Lucia Mutikani

WASHINGTON (Reuters) – U.S. consumer prices increased for a fourth straight month in September, with the cost of cars and trucks rising by the most since 1969, though inflation is slowing amid labor market slack as the economy gradually recovers from the COVID-19 recession.

While the benign report from the Labor Department on Tuesday will have no direct impact on monetary policy, it should allow the Federal Reserve to keep interest rates near zero for a while and continue with massive cash infusions as it nurses the economy back to health.

The U.S. central bank is now more concerned about the labor market and has embraced flexible average inflation targeting, which in theory could see policymakers tolerate price increases above its 2% target for a period of perhaps several years to offset years in which inflation was lodged below its goal.

At least 25.5 million people are on unemployment benefits.

The consumer price index rose 0.2% last month after gaining 0.4% in August. The CPI advanced 0.6% in both June and July after falling in the prior three months as business closures to slow the spread of the coronavirus weighed on demand.

A 6.7% jump in the prices of used cars and trucks accounted for most of the increase in the CPI last month. That was the biggest gain since February 1969 and followed a 5.4% advance in August. There were also increases in the costs of new vehicles and recreation. But prices for motor vehicle insurance, airline fares and apparel fell.

In the 12 months through September, the CPI increased 1.4% after rising 1.3% in August. Economists polled by Reuters had forecast the CPI climbing 0.2% in September and rising 1.4% year-on-year.

Excluding the volatile food and energy components, the CPI rose 0.2% last month after

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Used Vehicles Lift U.S. Consumer Prices, but Inflation Slowing | Investing News

Used Vehicles Lift U.S. Consumer Prices, but Inflation Slowing | Investing News

WASHINGTON (Reuters) – U.S. consumer prices increased for a fourth straight month in September, with the cost of cars and trucks rising by the most since 1969, though inflation is slowing amid labor market slack as the economy gradually recovers from the COVID-19 recession.

While the benign report from the Labor Department on Tuesday will have no direct impact on monetary policy, it should allow the Federal Reserve to keep interest rates near zero for a while and continue with massive cash infusions as it nurses the economy back to health.

The U.S. central bank is now more concerned about the labor market and has embraced flexible average inflation targeting, which in theory could see policymakers tolerate price increases above its 2% target for a period of perhaps several years to offset years in which inflation was lodged below its goal.

At least 25.5 million people are on unemployment benefits.

The consumer price index rose 0.2% last month after gaining 0.4% in August. The CPI advanced 0.6% in both June and July after falling in the prior three months as business closures to slow the spread of the coronavirus weighed on demand.

A 6.7% jump in the prices of used cars and trucks accounted for most of the increase in the CPI last month. That was the biggest gain since February 1969 and followed a 5.4% advance in August. There were also increases in the costs of new vehicles and recreation. But prices for motor vehicle insurance, airline fares and apparel fell.

In the 12 months through September, the CPI increased 1.4% after rising 1.3% in August. Economists polled by Reuters had forecast the CPI climbing 0.2% in September and rising 1.4% year-on-year.

Excluding the volatile food and energy components, the CPI rose 0.2% last month after increasing 0.4% in

Read the rest
Worldwide Tanks and Other Armoured Fighting Vehicles Industry to 2030 – Market Analysis, Forecast, Size, Trends and Insights

Worldwide Tanks and Other Armoured Fighting Vehicles Industry to 2030 – Market Analysis, Forecast, Size, Trends and Insights

DUBLIN–(BUSINESS WIRE)–Oct 12, 2020–

The “World – Tanks and Other Armoured Fighting Vehicles – Market Analysis, Forecast, Size, Trends and Insights. Update: COVID-19 Impact” report has been added to ResearchAndMarkets.com’s offering.

This report provides an in-depth analysis of the global armored fighting vehicle market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, the researchers combined the accumulated expertise of their analysts and the capabilities of artificial intelligence. The AI-based platform, developed by data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Key Topics Covered:

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1 REPORT DESCRIPTION

1.2 RESEARCH METHODOLOGY AND AI PLATFORM

1.3 DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4 GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1 KEY FINDINGS

2.2 MARKET TRENDS

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1 MARKET SIZE

3.2 CONSUMPTION BY

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Global Armored Vehicles Market Procurement Intelligence Report With COVID-19 Impact Analysis | Global Forecasts, 2020-2024

Global Armored Vehicles Market Procurement Intelligence Report With COVID-19 Impact Analysis | Global Forecasts, 2020-2024

The Global Armored Vehicles market will register an incremental spend of about $3 billion, growing at a CAGR of 5.92% during the five-year forecast period. A targeted strategic approach to Global Armored Vehicles sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005222/en/

SpendEdge has announced the release of its Global Armored Vehicles Market Procurement Intelligence Report (Graphic: Business Wire)

Key benefits to buy this report:

  • What are the market dynamics?

  • What are the key market trends?

  • What are the category growth drivers?

  • What are the constraints on category growth?

  • Who are the suppliers in this market?

  • What are the demand-supply shifts?

  • What are the major category requirements?

  • What are the procurement best practices in this market?

Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment

SpendEdge’s reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Global Armored Vehicles market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.

Insights into buyer strategies and tactical negotiation levers:

Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for Global Armored Vehicles market. The report also aids buyers with relevant Global Armored Vehicles pricing levels, pros and cons of prevalent pricing models such as volume-based pricing, spot pricing, and cost-plus pricing and category

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Drone truck startup Einride unveils new driverless vehicles for autonomous freight hauling

Drone truck startup Einride unveils new driverless vehicles for autonomous freight hauling

Einride, the Swedish autonomous trucking startup, unveiled a new vehicle type that the company hopes to have on the road delivering freight starting in 2021. The vehicles, dubbed Autonomous Electric Transport (AET), came in four different variations. And much like Einride’s previous prototypes, they come without steering wheels, pedals, windshields, and, in general, no cab at all.

Einride has been in the business of releasing interesting, eye-catching prototype vehicles since it was founded in 2016. There was the cab-less T-Pod, released in 2017, four of which are operating on public roads hauling freight for Oatly, the Swedish food producer. A year later, the company unveiled the T-Log, built to be more powerful than its predecessor for the job of (you guessed it) hauling tons of giant tree logs. Now it has a next-generation vehicle that it hopes it can put into production.

Einride’s also been engaged with the less glamorous part of the job, which is testing, validating, and seeking regulatory approval for its vehicles, all of which are electric and can be controlled remotely by a human operator, in addition to operating autonomously without human intervention. The company has yet to reveal its plans for production and manufacturing.

Design-wise, the AET vehicles look almost identical to Einride’s Pod (previously T-Pod) prototype: sleek, white, cab-less pods with smooth lines and an otherworldly feel. Einride CEO Robert Falck said the AET is more aerodynamic than previous iterations, which will help when the company starts to scale up its manufacturing. “When you nail a design the first time, why reinvent the wheel?” Falck said.

The new AET vehicles come in four levels. The first two — AET 1 and AET 2 — have top speeds of 30 km/h (18 mph), weigh 26 tons, have payloads of 16 tons, and a battery range

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