2035 global warming could increase food inflation by up to 3.2% annually, affecting low-income countries more, with mitigation efforts reducing the risk.
A new international study published in Communications Earth & Environment predicts that global warming could increase food inflation by up to 3.2 percentage points annually by 2035, affecting low-income countries more than high-income ones. The research, analyzing data from 121 countries between 1991-2020, shows that rising temperatures increase inflation all-year-long in countries at low latitudes, while those at higher latitudes see inflation due to rising temperatures only in summers. The study highlights that mitigation of greenhouse gas emissions and technology-based adaptations could substantially limit the risk of increased food prices to the global economy.
March 21, 2024
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