Why is U.S. inflation so high, and when will prices stop spiking?
So high inflation in the United States may also have an impact on outdoor digital signage prices.
The government said its consumer price index surged 6.2% from a year earlier, the biggest 12-month increase since 1990.
With the consumer price index (CPI) rising by 6.2% from the same period last year, the prices of food, gasoline, and automobiles are also skyrocketing.
Washington -- Inflation is starting to look like an unexpected and unwelcome guest that just will not leave.
For months, many economists have been conveying a reassuring message that the surge in consumer prices, which has been absent in the United States for a generation, will not last. Fed Chairman Jerome Powell and White House officials reassured that this would prove "temporary" as the economy moved from virus-induced chaos to something closer to normal.
Yet as any American who has bought a carton of milk, a gallon of gas or a used car will tell you, inflation is already underway. Economists are now sending an even gloomier message: rising prices are likely to continue well into next year and beyond.
On Wednesday, the government said its consumer price index surged 6.2 percent from a year earlier -- the biggest 12-month increase since 1990.
Jason Furman, a former chief economic adviser in the Obama administration, said: "This is a big blow to the temporary narrative." "Inflation is not slowing down. It maintains a blazing speed."
Price shocks hit where households are most interested. Take breakfast: bacon is up 20 percent in the past year and eggs are up nearly 12 percent. Gasoline prices are up 50 percent. Buying a washer or dryer will cost you 15 percent more than it did a year ago. A used car? More than 26%.
The price squeeze has increased pressure on the Federal Reserve to accelerate its exit from years of easy monetary policy. That poses a threat to President Joe Biden, congressional Democrats and their ambitious spending plans.
What caused the price spike?
This is largely the flip side of the good news. Buffeted by COVID-19, the U.S. economy collapsed in the spring of 2020 as lockdowns went into effect, businesses closed or reduced time, and consumers stayed home as a health precaution. Employers cut 22 million jobs. In the fourth quarter of last year, economic output slumped at a record annual rate of 31 percent.
Everyone is ready for more pain. Companies cut back on investment. Restocking has been delayed. A brutal recession followed.
Instead of a prolonged slump, however, the economy has staged a surprisingly encouraging recovery, fuelled by massive government spending and a series of emergency actions by the Federal Reserve. By spring, the introduction of the vaccine encouraged consumers to return to restaurants, bars and shops.
Suddenly, companies have to scramble to meet demand. They cannot hire fast enough to fill job openings -- a near-record 10.4 million in August -- or buy enough supplies to fill customer orders. As business recovers, ports and yards cannot handle the traffic. Global supply chains are in disarray.
Costs go up. Companies are finding that they can pass on these higher costs in the form of higher prices to consumers, many of whom managed to save significantly during the pandemic.
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The market trend of outdoor digital signage
Due to the impact of the global spread of COVID-19, the global MARKET size of LED display screens in 2020 is estimated to be $5.7 billion, down about 10% year-on-year. It is estimated that the global outdoor LED display market will reach 12.9 billion yuan in 2021, and 23.9 billion yuan in 2026, with a compound annual growth rate (CAGR) of 9.0%. However, certain application areas, such as outdoor transportation, advertising billboards, and some municipal-related application places, are expected to pick up in the second half, and outdoor digital signage will also benefit from the government economic stimulus. Regarding the development of the next few years, if there are no big macroeconomic changes, it is expected that the global LED display will maintain a compound annual growth rate of 18% from 2021 to 2026, among which the small spacing display is still the biggest driving force for market growth.
The world leading outdoor LED display manufacturers include Daktronics, Samsung, Unilumin and Leyard, etc. The top four manufacturers in the world account for more than 40% of the market share. At present, China is the world largest Outdoor LED Display market, accounting for more than 60% of the market, followed by North America, accounting for nearly 15% of the market.
The market distribution of outdoor digital signage
In terms of regional market pattern, North America and EMEA are the most severely affected regions this year, which are expected to decrease by 7.7% to 6.7% respectively, and their share will also decrease accordingly. China is now slowly recovering from the impact of the epidemic, and stimulated by new infrastructure policies, the Chinese market outdoor digital signage is expected to maintain the world fastest growth rate of about 3.8% this year.
The markets most affected this year are mainly applications related to clustered events, such as cinemas and commercial and retail venues. However, for security monitoring or control room, it will benefit from the government new infrastructure policy this year. It is estimated that this will be the fastest-growing outdoor digital signage application market this year, with the market share expected to increase from 13.3% to 13.9%.
With the decline of LCD cost, size continues to enlarge, currently can see more than 80 inches of LCD TV, electronic whiteboard into commercial, coupled with the rise of LED display market, commercial projector in enterprise conference space shipment quantity will also decrease year by year.
However, the outdoor LED display screen is different from the indoor LED display screen. Since it is applied to outdoor scenes, in addition to meeting the display function, the outdoor digital signage screen needs to ensure the transmission quality under direct sunlight, so it needs to meet the requirements of a high brightness display. In addition, the outdoor environment is changeable and harsh, so the outdoor LED display should have strong weather resistance, fully adapt to all kinds of bad weather, and can be used for a long time.
The high-quality outdoor digital signage supplier-RISINGLCD
RISINGLCD ( WITH BRAND OF RISINGSTAR ) is a professional highlight LCD manufacturer from China, as a superior global outdoor digital signage supplier, a modernized high-tech enterprise with 100 employees including 20 highly qualified and well trained engineers. Rising LCD is a professional LCD panel, TV, display, outdoor display, display modules, LCD TV display equipment supplier providing high quality products for home and business uses such as LCD modules, outdoor monitor, digital signage, interactive touch screen, digital menu and more. For more information or get the latest price of outdoor digital signage, feel free to send an email to: email@example.com, the sales team will reply within 48 hours.