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Date of Publication: May 22
Year of Publication: 2024
Publication City: Melbourne, Australia
Publisher: The Conversation
Author(s): Jessica Boxall , Michael Head
Climate change, and specifically rising temperatures, may cause food prices to increase by 3.2% per year, according to a new study by researchers in Germany. As climate change continues to worsen, this price inflation will mean more and more people around the world don’t have a varied and healthy diet, or simply don’t have enough food.
The new analysis shows that global warming could cause food price inflation to increase by between 0.9 and 3.2 percentage points per year by 2035. The same warming will cause a smaller rise in overall inflation (between 0.3 and 1.2 percentage points), so a greater proportion of household income would need to be spent on buying food.
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