FMI: Climate change, transportation & trade relations will test food inflation in 2023

By Elizabeth Crawford

01-Jan-2023 Last updated on 03-Jan-2023 at 19:57 GMT

Weather-transportation-trade-will-test-inflation-in-2023.jpg

Source: Getty/ georgeclerk (Getty Images)

While economists predict inflation will ease slightly in the coming quarters, this year could easily become a “groundhog day version of 2022” if the weather takes a turn for the worse and triggers a domino effect that strains transportation, commodity production and geo-political relationships ultimately pushing costs higher, warn industry leaders.

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