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Analysis – Shipping costs – another danger for inflation-watchers to navigate

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Reuters

By Sujata Rao and Jonathan Saul LONDON (Reuters) – Much like the coronavirus pandemic, and the economic disruption that it has caused, a global shipping crisis looks set to go on delaying goods traffic and fuelling inflation well into 2023. Shipping rarely figures in economists’ inflation and GDP calculations, and companies tend to fret more about raw materials and labour costs than transportation. But that might be changing. The cost of shipping a 40-foot container (FEU) unit has eased some 15% from record highs above $11,000 touched in September, according to the Freightos FBX index. But bef…

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