Study Predicts Climate Change to Drive Significant Food Price Increases by 2035
Rising global temperatures and extreme weather events are expected to push food inflation up by 0.9 to 3.2% annually, with low-income countries facing the most severe impacts.
- New research indicates rising global temperatures will significantly increase food prices and inflation worldwide.
- The Potsdam Institute for Climate Impact Research study predicts food inflation could rise by 0.9 to 3.2% annually by 2035.
- Extreme weather events, such as droughts and floods, are key factors driving these inflationary pressures.
- Low-income countries, particularly in Africa and South America, are expected to be most affected by climate-driven inflation.
- Mitigating greenhouse gas emissions could help limit the severity of food price increases and inflation.