Higher oil prices may drive food inflation risks
pre-market1 source ↓written by the desknot a recommendation
Standard Chartered analysts highlight that rising oil prices can significantly impact global food inflation through increased fertiliser costs and trade disruptions. The CPI basket composition and import reliance will determine the extent of this impact across countries. They caution that fertiliser affordability is already under pressure, potentially exacerbating food price increases.
Not investment advice. For informational purposes only.