The rise in consumer prices is still far from abating. And climate change seems to have a lot to do with it. As reported by CNBC , a number of commodities such as raw sugar , cattle and orange juice are experiencing further price spikes due to damage caused by unstable weather conditions and increased prices. The increase in the prices of these basic raw materials once again hit the wallets of consumers all over the world at a time when, according to the latest data recorded by INSEE, the increase in consumer prices amounts to 4.9 %. Above all, as mentioned by Darwei Kung, a commodity specialist interviewed by the US channel, taking into account this meteoric rise in prices is related to underlying inflation. In other words, it's a cost increase that doesn't take energy costs into account, making supermarket prices even higher than those "taken into account by policy makers". (SACHA CARION)
climate change causes a sharp increase in the prices of food raw materials
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