Cheap Food's Hidden Price: Climate Shocks Scramble Inflation and Markets
TL;DR Summary
Despite cheap food in developed countries, climate crises and rising farming costs could lift global food inflation by 0.9–3.2 percentage points by 2035, according to researchers and UBS. Extreme weather, El Niño, and higher fuel and fertiliser prices threaten harvests and profits, potentially pushing monetary policy as well as wages. The result could be broad economic impacts and a shift toward climate-aware investing, with winners and losers across sectors as investors re-price food-related risk.
- The end of cheap food has costs far beyond the grocery store Financial Times
- Opinion | A Food Crisis May Be Coming to the U.S. WSJ
- Global inflation or ‘greedflation’ Kingston Whig
- How food inflation travels DWS Asset Management
- PAT CUMMINS: Could we be facing food shortages – or even famine? Gript
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