{"id":25700,"date":"2024-03-21T18:17:09","date_gmt":"2024-03-21T17:17:09","guid":{"rendered":"https:\/\/www.co2news.sk\/?p=25700"},"modified":"2024-03-21T18:20:19","modified_gmt":"2024-03-21T17:20:19","slug":"global-warming-and-heat-extremes-to-increase-inflationary-pressures","status":"publish","type":"post","link":"https:\/\/www.co2news.sk\/en\/2024\/03\/21\/global-warming-and-heat-extremes-to-increase-inflationary-pressures\/","title":{"rendered":"Global warming and heat extremes to increase inflationary pressures"},"content":{"rendered":"<p>Climate impacts on economic productivity suggest that climate change may threaten price stability. Here, we apply fixed-effects regressions to over 27,000 observations of monthly consumer price indices worldwide to quantify the effects of climate on inflation. Higher temperatures increase food and headline inflation over 12 months in both high- and low-income countries. The effects vary across seasons and regions, depending on climate patterns, with additional effects from daily temperature variability and extreme precipitation. Evaluating these results based on the temperature increases projected for 2035 implies upward pressures on food prices and headline inflation of 0.92\u20133.23 and 0.32\u20131.18 percentage points per year on average worldwide (range of uncertainty across emissions scenarios, climate models, and empirical specifications). (<em>Maximili\u00e1n Kotz, Friderike Kuik, Christiane Nicke, more at <a href=\"https:\/\/www.nature.com\/articles\/s43247-023-01173-x\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000ff;\">nature.com<\/span><\/a>)<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>The effects of climate on economic productivity suggest that climate change may threaten price stability. Here, we apply fixed-effects regressions to over 27,000 observations of monthly consumer price indices worldwide to quantify the effects of climate conditions on inflation. Higher temperatures increase food and headline inflation over 12 months in countries with both higher and lower [\u2026]<\/p>","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25700","post","type-post","status-publish","format-standard","hentry","category-klimaticka-zmena"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/25700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/comments?post=25700"}],"version-history":[{"count":0,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/posts\/25700\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/media?parent=25700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/categories?post=25700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.co2news.sk\/en\/wp-json\/wp\/v2\/tags?post=25700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}