18 Days
Source:
AL24 News
AL24 News
Ready to play
Ready to play
The Oxford Economics Institute forecasted a significant rise in food prices across the Eurozone due to climate fluctuations, with an expected annual increase of 1.6 percentage points in prices. This is projected to contribute approximately 0.6 percentage points to core inflation. The study indicated that natural disasters and heatwaves could lead to crop deterioration and disrupt supply chains. Meanwhile, the FAO warned of an immediate food shortage and declining production resulting from the war on Iran, which has driven up energy prices and caused logistical disruptions.
Notice: This Is an AI-Generated Summary
Comments (0)