April saw a large jump in consumer prices for food at home products in the United States in 2021. As a result of the coronavirus outbreak, food prices rose by 2.6 percent in April compared to March. From August 2020 to April 2021, the growth food prices has remained steadily between 0 and 0.4.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.
The Coronavirus (Covid-19) pandemic has led to tectonic shifts in the retail sector in such a short period of time. With consumers rushing to the shops and online marketplaces to stock up on a variety of products, the usual prices have seen drastic spikes, especially on online marketplaces which allow 3rd party sellers to trade.
Between March 16-19, 2020, when the crisis was beginning to peak in so many countries, the listed price of hand lotion products on both eBay.co.uk and Amazon.co.uk saw great spikes, as a recent study revealed. The price of Carex hand lotion (250 ml) was listed as high as 100 British pounds by sellers on eBay's UK platform. The usual price of this product was only 1 British pound.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.
Imports from China have decreased immensely due to the coronavirus (COVID-19) outbreak in the beginning of 2020. The lack of supply for certain agricultural foods led to an increase of wholesale prices for those products. The prices for red chilies increased by around 31 percent between February 12 and February 20, 2020.
On March 17, 2025, the Brent crude oil price stood at 70.99 U.S. dollars per barrel, compared to 67.58 U.S. dollars for WTI oil and 73.65 U.S. dollars for the OPEC basket. These were slight increases compared to the previous week, which had seen some of the lowest prices in four years.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (whereby a contract is agreed upon, while the product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.
Apparel was the e-commerce category with the highest online price increase in the United States from July 2020 to July 2021. In that period, clothing and other fashion items experienced an average price increase of more than 15 percent. Nonprescription drugs ranked second among 18 categories analyzed, with almost six percent of online price growth.
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Key information about House Prices Growth
In Chad, COVID-19 is expected to affect households in many ways. First, governments might reduce social transfers to households due to the decline in revenue arising from the potential COVID-19 economic recession. Second households deriving income from vulnerable sectors such as tourism and related activities will likely face risk of unemployment or loss of income. Third an increase in prices of imported goods can also negatively impact household welfare, as a direct consequence of the increase of these imported items or as indirect increase of prices of local good manufactured using imported inputs. In this context, there is a need to produce high frequency data to help policy makers in monitoring the channels by which the pandemic affects households and assessing its distributional impact. To do so, the sample of the longitudinal survey will be a sub-sample of the 2018/19 Enquête sur la Consommation des Ménages et le Secteur Informel au Tchad (Ecosit 4) in Chad.
This has the advantage of conducting cost effectively welfare analysis without collecting new consumption data. The 30 minutes questionnaires covered many modules, including knowledge, behavior, access to services, food security, employment, safety nets, shocks, coping, etc. Data collection is planned for four months (four rounds) and the questionnaire is designed with core modules and rotating modules.
The main objectives of the survey are to: • Identify type of households directly or indirectly affected by the pandemic; • Identify the main channels by which the pandemic affects households; • Provide relevant data on income and socioeconomic indicators to assess the welfare impact of the pandemic.
National coverage, including Ndjamena (Capital city), other urban and rural
The survey covered only households of the 2018/19 Enquête sur la Consommation des Ménages et le Secteur Informel au Tchad (ECOSIT 4) which excluded populations in prisons, hospitals, military barracks, and school dormitories.
Sample survey data [ssd]
The Chad COVID-19 impact monitoring survey is a high frequency Computer Assisted Telephone Interview (CATI). The survey’s sample was drawn from the Enquête sur la Consommation des Ménages et le Secteur Informel au Tchad (Ecosit 4) which was conducted in 2018-2019. ECOSIT 4 is a survey with a sample size of 7,493 household’s representative at national, regional and by urban/rural. During the survey, each household was asked to provide a phone number of at least one member or a non-household member (e.g. friends or neighbors) so that they can be contacted for follow-up questions. The sampling of the high frequency survey aimed at having representative estimates by national and area of residence: Ndjamena (capital city), other urban and rural area. The minimum sample size was 2,000 for which 1,748 households (87.5%) were successfully interviewed at the national level. To account for non-response and attrition and given that this survey was the first experience of INSEED, 2,833households were initially selected, among them 1,832 households have been reached. The 1,748 households represent the final sample and will be contacted for the next three rounds of the survey.
None
Computer Assisted Personal Interview [capi]
The questionnaire is in French and has been administrated in French and local languages. The length of an interview varies between 20 and 30 minutes. The questionnaires consisted of the following sections: 1- Household Roster 2- Knowledge of COVID-19 3- Behavior and Social Distancing 4- Access to Basic Services 5- Employment and Income 6- Prices and Food Security 7- Other Impacts of COVID-19 8- Income Loss 9- Coping/Shocks 10- Social Safety Nets 11- Fragility 12. Gender based Violence (for the fourth wave) 13. Vaccine (for the fourth wave)
At the end of data collection, the raw dataset was cleaned by the INSEED with the support of the WB team. This included formatting, and correcting results based on monitoring issues, enumerator feedback and survey changes.
The minimum sample expected is 2,000 households covering Ndjamena, other urban and rural areas. Overall, the survey has been completed for 1,748 households that is about 87.5 % of the expected minimal sample size at the national level. This provide reliable estimates at national and area of residence level.
In January 2025, prices had increased by three percent compared to January 2024 according to the 12-month percentage change in the consumer price index — the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages. In economics, the inflation rate is a measure of the change in price level over time. The rate of decrease in the purchasing power of money is approximately equal. A projection of the annual U.S. inflation rate can be accessed here and the actual annual inflation rate since 1990 can be accessed here. InflationOne of the most important economic indicators is the development of the Consumer Price Index in a country. The change in this price level of goods and services is defined as the rate of inflation. The inflationary situation in the United States had been relatively severe in 2022 due to global events relating to COVID-19, supply chain restrains, and the Russian invasion of Ukraine. More information on U.S. inflation may be found on our dedicated topic page. The annual inflation rate in the United States has increased from 3.2 percent in 2011 to 8.3 percent in 2022. This means that the purchasing power of the U.S. dollar has weakened in recent years. The purchasing power is the extent to which a person has available funds to make purchases. According to the data published by the International Monetary Fund, the U.S. Consumer Price Index (CPI) was about 258.84 in 2020 and is forecasted to grow up to 325.6 by 2027, compared to the base period from 1982 to 1984. The monthly percentage change in the Consumer Price Index (CPI) for urban consumers in the United States was 0.1 percent in March 2023 compared to the previous month. In 2022, countries all around the world are experienced high levels of inflation. Although Brazil already had an inflation rate of 8.3 percent in 2021, compared to the previous year, while the inflation rate in China stood at 0.85 percent.
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For the seventh year in a row, the U.S. biological product market recorded growth in sales value, which increased by 11% to $50.4B in 2019. The biological product market is one of the few markets where the demand is increasing amid the pandemic. The use of blood plasma from patients with antibodies to coronavirus to treat other patients is one of the currently available kinds of therapy for COVID-19. In addition, the development of a vaccine against coronavirus constitutes a super-urgent task, which may lead to an increase in the market should a mass vaccination start.
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Summary statistics full sample.
The average sales price of new homes in the United States experienced a slight decrease in 2024, dropping to 512,2000 U.S. dollars from the peak of 521,500 U.S. dollars in 2022. This decline came after years of substantial price increases, with the average price surpassing 400,000 U.S. dollars for the first time in 2021. The recent cooling in the housing market reflects broader economic trends and changing consumer sentiment towards homeownership. Factors influencing home prices and affordability The rapid rise in home prices over the past few years has been driven by several factors, including historically low mortgage rates and increased demand during the COVID-19 pandemic. However, the market has since slowed down, with the number of home sales declining by over two million between 2021 and 2023. This decline can be attributed to rising mortgage rates and decreased affordability. The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac House Price Index showed a growth of 6.5 percent in 2023, which is still above the long-term average of 4.4 percent since 1990. However, homebuyer sentiment remains low across all age groups, with people aged 45 to 64 expressing the most pessimistic outlook. The median sales price of existing homes is expected to increase slightly until 2025, suggesting that affordability challenges may persist in the near future.
Inflation was the most worrying topic worldwide as of January 2025, with one third of the respondents choosing that option. Crime and violence as well as poverty and social inequality followed behind. Moreover, following Russia's invasion of Ukraine and the war in Gaza, nine percent of the respondents were worried about military conflict between nations. Only four percent were worried about the COVID-19 pandemic, which dominated the world after its outbreak in 2020. Global inflation and rising prices Inflation rates have spiked substantially since the beginning of the COVID-19 pandemic in 2020. From 2020 to 2021, the worldwide inflation rate increased from 3.5 percent to 4.7 percent, and from 2021 to 2022, the rate increased sharply from 4.7 percent to 8.7 percent. While rates are predicted to fall come 2025, many are continuing to struggle with price increases on basic necessities. Poverty and global development Poverty and social inequality was the third most worrying issue to respondents. While poverty and inequality are still prominent, global poverty rates have been on a steady decline over the years. In 1994, 64 percent of people in low-income countries and around one percent of people in high-income countries lived on less than 2.15 U.S. dollars per day. By 2018, this had fallen to almost 44 percent of people in low-income countries and 0.6 percent in high-income countries. Moreover, fewer people globally are dying of preventable diseases and people are living longer lives. Despite these aspects, issues such as wealth inequality have global prominence.
In January 2025, the UK inflation rate for goods was one percent and five percent for services. Prices for goods accelerated significantly, sharply between in 2021 and 2022 before falling in 2023. By comparison, prices for services initially grew at a more moderate rate, but have also not fallen as quickly. The overall CPI inflation rate for the UK reached a recent high of 11.1 percent in October 2022 and remained in double-figures until April 2023, when it fell to 8.7 percent. As of December 2024, the UK's inflation rate was 2.5 percent, down from 2.6 percent in the previous month. Sectors driving high inflation In late 2024, communication was the sector with the highest inflation rate, with prices increasing by 6.1 percent as of December 2024. During the recent period of high inflation that eased in 2023, food and energy prices were particular high, with housing and energy inflation far higher than in any other sector, peaking at 26.6 percent towards the end of 2022. High food and energy prices since 2021 have been one of the main causes of the cost of living crisis in the UK, especially for low-income households that spend a higher share of their income on these categories. This is likely one of the factors driving increasing food bank usage in the UK, which saw approximately 3.12 million people use a food bank in 2023/24, compared with 1.9 million just before the COVID-19 pandemic. The global inflation crisis The UK has not been alone in suffering rapid price increases since 2021. After the start of the COVID-19 pandemic, a series of economic and geopolitical shocks had a dramatic impact on the global economy. A global supply chain crisis failed to meet rising demand in 2021, leading to the beginning of an Inflation Crisis, which was only exacerbated by Russia's invasion of Ukraine in February 2022. The war directly influenced the prices of food and energy, as both countries were major exporters of important crops. European imports of hydrocarbons from Russia were also steadily reduced throughout 2022 and 2023, resulting in higher energy prices throughout the year.
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Explore the fluctuations in crude oil prices over the past two years, influenced by supply and demand dynamics, geopolitical events, economic growth rates, and market speculation. Discover the impact of the COVID-19 pandemic, historic lows in 2020, gradual recovery, setbacks, and rally following successful vaccine trials. Understand the factors affecting oil prices and their current range.
In the WAEMU countries, COVID-19 is expected to affect households in many ways. First, governments might reduce social transfers to households due to the decline in revenue arising from the potential COVID-19 economic recession. Second households deriving income from vulnerable sectors such as tourism and related activities will likely face risk of unemployment or loss of income. Third an increase in prices of imported goods can also negatively impact household welfare, as a direct consequence of the increase of these imported items or as indirect increase of prices of local good manufactured using imported inputs. In this context, there is a need to produce high frequency data to help policy makers in monitoring the channels by which the pandemic affects households and assessing its distributional impact. To do so, the sample of the longitudinal survey will be a sub-sample of the 2018/19 household survey in each country.
For Mali, the survey which is implemented by the National Statistical Office (INSTAT), is conducted using cell phone numbers of household members collected during the 2018/19 survey. This has the advantage of conducting cost effectively welfare analysis without collecting new consumption data. The 35 minutes questionnaires covered 10 modules (knowledge, behaviour, access to services, food security, employment, safety nets, shocks, etc…). Data collection is planned for six months (six rounds) and the questionnaire is designed with core modules and rotating modules. Survey data collection started on May 11th, 2020 and households are expected to be called back every three to four weeks.
The main objectives of the survey are to: • Identify type of households directly or indirectly affected by the pandemic; • Identify the main channels by which the pandemic affects households; • Provide relevant data on income and socioeconomic indicators to assess the welfare impact of the pandemic.
National coverage
Households
The survey covered only households of the 2018/19 survey which excluded populations in prisons, hospitals, military barracks, and school dormitories.
Sample survey data [ssd]
SAMPLING PROCEDURE The Mali COVID-19 impact monitoring survey is a high frequency Computer Assisted Telephone Interview (CATI). The survey's sample was drawn from the population of the 2018/19 - Enquête Harmonisée des Conditions de Vie des Ménages (EHCVM) -, which was conducted between October 2018 and July 2019. EHCVM is itself a sample survey representative at national, regional and by urban/rural. For the 7,000 HHs in EHCVM, phone numbers were collected for about 90 percent of them. Each HH has between 1-4 phone numbers. The sampling, which was similar across WAEMU, aimed at having representative estimates by three zones: the capital city of Bamako, other urban areas and the rural area. The minimum sample size was 1,908 for which 1,766 were successfully interviewed, that is about 98 % of the expected minimal sample size at the national level. Given that Mali is conducting a phone survey for the first time, a total of 2,270 were drawn (25% increase) to take into account unknown non-response rates or presence of invalid numbers in the database.
The total number of completed interviews in round one is 1,766. The total number of completed interviews in round two is 1,935. The total number of completed interviews in round three is 1,901. The total number of completed interviews in round four is 1,797. The total number of completed interviews in round five is 1,766.
Computer Assisted Telephone Interview [cati]
All the interview materials were translated in french for the NSO. The questionnaire was administered in local languages with about varying length (30-35 minutes) and covered the following topics:
1- Household Roster 2- Knowledge of COVID-19 3- Behaviour and Social Distancing 4- Access to Basic Services 5- Employment and Income 6- Prices and Food Security 7- Other Impacts of COVID-19 8- Income Loss 9- Coping/Shocks 10- Social Safety Nets 11- Fragility 12- Governance and socio-political crisis
At the end of data collection, the raw dateset was cleaned by the NSO. This included formatting, and correcting results based on monitoring issues, enumerator feedback and survey changes.
The minimum sample expected is 1,809 households (with 603 households per domain). This sample was therefore 99% covered for Bamako, about 100% for other urban areas and 91% for rural areas. Overall, the minimum sample is 98% covered. This level of coverage provides reliable data at national level and for each domain.
Round one response rate was 77.8%. Round two response rate was 85.2%. Round three response rate was 83.7%. Round four response rate was 79.2%. Round five response rate was 79.7%.
This sampling survey was designed to rapidly measure the protection and socio-economic impact of COVID-19 on the refugee population in Mbera camp the region of Hodh Echargui in Mauritania.
The result shows that the socio-economic situation of all households across all vulnerability categories has degraded due to the impacts of the COVID-19 pandemic. The top four fears of refugees are related to food shortages, price increases, disruption of basic service facilities and travel restrictions.
Household
Out of the total 14,222 households in the Mbera camp as of 30 June, 102 households (0,8%) were randomly selected. 51 (50%) of the respondents were men and the other 51 (50%) were women.
Face-to-face [f2f]
The questionnaire includes the following sections: access to health, alimentary consommation, access to food and market, means of subsistence, sources of income, education and connectivity, protection, psychosocial.
Home prices in the U.S. reach new heights The American housing market continues to show remarkable resilience, with the S&P/Case Shiller U.S. National Home Price Index reaching an all-time high of 325.78 in July 2024. This figure represents a significant increase from the index value of 166.24 recorded in January 2015, highlighting the substantial growth in home prices over the past decade. The S&P Case Shiller National Home Price Index is based on the prices of single-family homes and is the leading indicator of the American housing market and one of the indicators of the state of the broader economy. The S&P Case Shiller National Home Price Index series also includes S&P/Case Shiller 20-City Composite Home Price Index and S&P/Case Shiller 10-City Composite Home Price Index – measuring the home price changes in the major U.S. metropolitan areas, as well as twenty composite indices for the leading U.S. cities. Market fluctuations and recovery Despite the overall upward trend, the housing market has experienced some fluctuations in recent years. During the housing boom in 2021, the number of existing home sales reached the highest level since 2006. However, transaction volumes quickly plummeted, as the soaring interest rates and out-of-reach prices led to housing sentiment deteriorating. Factors influencing home prices Several factors have contributed to the rise in home prices, including a chronic supply shortage, the gradual decline in interest rates, and the spike in demand during the COVID-19 pandemic. During the subprime mortgage crisis (2007-2010), the construction of new homes declined dramatically. Although it has gradually increased since then, the number of new building permits, home starts, and completions are still shy from the levels before the crisis. With demand outweighing supply, competition for homes can be fierce, leading to bidding wars and soaring prices. The supply of existing homes is further constrained, as homeowners are less likely to sell and move homes due to the worsened lending conditions.
From January 2020 to January 2021, changes in restaurant menu prices in the United States varied by restaurant type. Full service restaurants (FSRs) experienced a decrease in menu prices between March 2020 and April 2020. Meanwhile, limited/quick service restaurants (QSRs) experienced an increase in menu prices during those same months. Despite the increase in menu prices from quick service restaurants, the total revenue of the QSR industry in the U.S. fell from 273 billion U.S. dollars in 2019 to 239 billion U.S. dollars in 2020 as a result of the coronavirus (COVID-19) pandemic.
What is the leading QSR chain in the U.S.?
According to a measure of systemwide sales, McDonald’s generated more sales in 2020 than any other QSR chain in the United States. The fast food behemoth earned 40.53 billion U.S. dollars in sales revenue, which amounted to roughly 22 billion U.S. dollars more than the second ranked chain, Starbucks. Compared to McDonald’s, the similarly influential coffeehouse giant took home 18.5 billion U.S. dollars in sales revenue in 2020. Other leading QSR chains in the U.S. included Chick-fil-A and Taco Bell.
Which U.S. state has the most quick service restaurants?
As the home of fast food, there is no shortage of quick service restaurants in the United States. Although such restaurants can be found in every state, some states have more than others. In 2019, the U.S. state with the largest number of quick service restaurants was California with nearly 31.5 thousand establishments. Meanwhile, state with the lowest number of quick service restaurants was Wyoming with 358.
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This study examines the volatility of beef and lamb prices in Türkiye, as food price inflation compromises the food security of low- and middle-income households. The inflation is the result of a rise in energy (gasoline) prices leading to an increase in production costs, together with a disruption of the supply chain by the COVID-19 pandemic. This study is the first to comprehensively explore the effects of multiple price series on meat prices in Türkiye. Using price records from April 2006 through February 2022, the study applies rigorous testing and selects the VAR(1)–asymmetric BEKK bivariate GARCH model for empirical analysis. The beef and lamb returns were affected by periods of livestock imports, energy prices, and the COVID-19 pandemic, but those factors influenced the short- and long–term uncertainties differently. Uncertainty was increased by the COVID–19 pandemic, but livestock imports offset some of the negative effects on meat prices. To improve price stability and assure access to beef and lamb, it is recommended that livestock farmers be supported through tax exemptions to control production costs, government assistance through the introduction of highly productive livestock breeds, and improving processing flexibility. Additionally, conducting livestock sales through the livestock exchange will create a price information source allowing stakeholders to follow price movements in a digital format and their decision-making.
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According to Cognitive Market Research, The Global Gaffers Tape market size is USD 0.315 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030.
The demand for gaffer tapes is rising due to the adoption of various strategies by key players.
Demand for matte color remains higher in the gaffers tape market.
The automotive category held the highest gaffers tape market revenue share in 2023.
North America will continue to lead, whereas the Asia-Pacific gaffers tape market will experience the strongest growth until 2030.
Wide Use of E-Commerce to Provide Viable Market Output
The widespread use of e-commerce, tighter global waste restrictions, and rising consumer knowledge of the value of sustainability are just a few of the many variables that have contributed to the current fast rate of change. To survive this unprecedented transformation faced by CEOs, next-generation industry winners must modernize and future-proof their company structures and marketing strategies. Many gaffer tape players will be put to the test by transformational shifts.
For instance, according to the Census Bureau’s Annual Retail Trade Survey (ARTS), e-commerce sales enhanced by 43% or $244.2 billion in 2020, the first year of the COVID-19 pandemic, growing from $571.2 billion in 2019 to $815.4 billion in 2020.
(Source:www.census.gov/library/stories/2022/04/ecommerce-sales-surged-during-pandemic.html)
Market Dynamics of Gaffers Tape
Volatility in Prices of Raw Materials to Hinder Market Growth
Manufacturers of gaffer tape must consider costs and the availability of raw materials to select the price structures of their products. The raw materials used to make gaffer tapes include rubber, silicone, acrylic, polypropylene (PP), paper, adhesives, polyvinyl chloride (PVC), and release liners. Most of these natural materials are products of petroleum that are vulnerable to fluctuations in commodity prices. Due to rising global demand and unrest in the Middle East, oil prices have been quite volatile. Uncertainty and changes in feedstock prices and availability impact the market's growth.
Impact of COVID–19 on the Gaffers Tape Market
The gaffers tape market experienced considerable disruptions due to the COVID-19 pandemic. Initially, as enterprises and events shut down, the market plummeted. The entertainment and live events sector, a major customer of gaffers tape, nearly halted, leading to decreased production and sales. Supply chain disruptions also affected availability. However, the market gradually rose as industries adjusted to the new normal. Remote work and DIY projects surged, growing the demand for gaffers' tape in home improvements and makeshift studios. Additionally, healthcare facilities utilize it to provide personal protective equipment. Manufacturers adapted production lines to satisfy evolving demands, including producing antimicrobial gaffer tape for healthcare settings. Introduction of Gaffers Tape
Launching eco-friendly tapes is a key trend in the gaffers tape market. Several countries worldwide have banned the use of toxic materials used in manufacturing gaffers goods. Enhanced demand for recyclable tapes has been caused by federal policies as well as a shift in end-user emphasis toward environmentally tolerable goods. Many organizations are moving from PVC to bio-degradable materials such as paper and cellulose for manufacturing tapes.
For instance, in January 2021, Italy-based IRPLAST launched its ECO+ tape, created of 34% post-industrial reclaimed IRPLAST BOPP film. The substances are created from recycled cardboard, and the tape decreases emissions without losing adhesion grade.
(Source:www.labelsandlabeling.com/news/substrates-adhesives/irplast-launches-eco-tape)
April saw a large jump in consumer prices for food at home products in the United States in 2021. As a result of the coronavirus outbreak, food prices rose by 2.6 percent in April compared to March. From August 2020 to April 2021, the growth food prices has remained steadily between 0 and 0.4.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.