UN Warns Of Soaring Prices In 2022 Due To Freight Rate Spike

Posted on AllSides November 18th, 2021
From The Center
(Photo: AFP / Frederic J. BROWN

The United Nations warned Thursday that a surge in container freight rates could mean higher prices for consumers next year unless pandemic-fuelled problems are untangled.

The UN's trade and development agency (UNCTAD) said global import price levels could increase by 11 percent and consumer price levels by 1.5 percent between now and 2023.

"Global consumer prices will rise significantly in the year ahead until shipping supply chain disruptions are unblocked and port constraints and terminal inefficiencies are tackled," UNCTAD said in its Review of Maritime Transport 2021 report.

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International Business Times

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https://www.ibtimes.com/un-warns-soaring-prices-2022-due-freight-rate-spike-3340334

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