Research from the International Monetary Fund substantiates the correlation between “volatile” global shipping costs and inflation.
“Studying data from 143 countries over the past 30 years, we find that shipping costs are an important driver of inflation around the world: When freight rates double, inflation picks up by about 0.7 percentage point. Most importantly, the effects are quite persistent, peaking after a year and lasting up to 18 months. This implies that the increase in shipping...
https://www.freightwaves.com/news/imf-rising-ocean-shipping-costs-to-bring-wave-of-higher-prices