Climate change will speed up inflation in next decade, says ECB

Climate change will speed up inflation in next decade, says ECB https://ift.tt/l8U9Fe6 temperatures will boost annual food inflation by between 0.92 and a hefty 3.23 percentage points, the research paper found. While the so-called global south, where temperatures are hotter, should face more of the pain, it will also mean particular challenges for economic blocs such as the European Union.