Red Sea tensions risk significantly higher inflation, OECD warns
2024-02-06 09:01:51 source：CNBC
February 5, 2024
Elevated shipping costs as a result of ongoing tensions in the Red Sea could impede the global fight against inflation, the Organisation for Economic Co-operation and Development said Monday.
The Paris-based group estimates that the recent 100% rise in seaborne freight rates could increase import price inflation across its 38 member countries by nearly 5 percentage points if they persist.
That could add 0.4 percentage points to overall price rises after a year, the OECD said in its latest economic outlook.
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