Separate food products experience shorter short -term price increases, contributing to inflation in the world, a new study testified.
Severe wonders during the time caused by climate change bring a sharp increase in prices for major foods worldwide. This is stated in a new study conducted by the Barcelona Center of Supercomputer Technology, reports FT.
Studying at the first time has a direct connection between twelve -time periods and a sharp increase in prices for specific products. It emphasizes the growing weakness of global food systems in natural changes.
Previous works focus on how high temperatures reduce productivity and lead to a long -term increase in the overall level of inflation. Instead, a new study proves that individual products show more chronic short -term price jumps, which subsequently affect general inflation.
“Many of the weather phenomena that have caused prices have not yet occurred from a historical point of view,” said the leader with the study of Maximilian Kot from the Barcelona Center for Supercomputer Technologies. “Temperatures are more than what we expect in a solid climate, not changed by human leaks,” he added.
Examples of short -term jumps include:
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In the UK, the price of potatoes increases;
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In India, onion prices rose 89% after the heat in May 2024;
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In South Korea, cabbage prices jumped 70% due to the heat of the tag -heat;
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In Japan, rice prices rose 48% in September after August temperature records;
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In China, vegetables climb 30%;
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In California and Arizona, the cost of vegetables increased by 80% in November 2022 after drought;
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In Europe, olive oil rose 50% after prolonged droughts in southern Spain.
According to conclusions, such price jumps usually occur several months after severe weather events.
“We know that these phenomenon has become more intense and often than 30-40 years ago, and we hope it will continue as the leaks of greenhouse gases will grow,” Kotz emphasized. – “If the food system reacts in the same way as it is today, we will see more intense and unpredictable price change,” he added.
Price jumps also spread worldwide through trade. Thus, in the UK, the cost of chocolate increased after the cocoa price increased three times due to drought and heat in Ghana and Cat-D’ivoire.
Countries with high hopes of imports, such as the UK, are especially vulnerable to climatic changes in other regions, Anna Taylor, executive director of the British Found Foundation, mentioned reporting.
Studying also causes a remembrance of central banks, as increasing prices for products complicated preventing general inflation, especially in countries with the development of markets.
“The abnormally high temperatures directly affect the overall level of inflation, and the main factor is food … It affects all prices as a whole,” Kotz emphasized.
Thus, last week, Great Britain reported an unexpected increase in inflation in June up to 3.6% – the highest to 18 months. This is part of the price of products.
Separately, the study note that price increases forces more difficult households to reduce consumption, in particular, nutrients.
“Consumption of fruits and vegetables is vulnerable to price pressure,” Taylor added.
Earlier it was found that the climatic crisis would be detrimental to the future of the world’s most popular fruit – bananas.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.