3 Answers

+1 vote
by Apprentice (1.3k points)
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This claim is true. A week ago a handful of articles from credible news sources released similar articles with evidence from researchers at places European Central Bank and the Potsdam Institute for Climate Impact Research in Germany. The findings hint that the rise in extreme weather (heatwaves, droughts, floods)  has an impact on the agriculture industry and  food prices. AP News spoke to Max Kotz, "Kotz said the analysis found the inflationary pressure on food and other prices is worse in areas and seasons that are hotter. So Europe and North America may not be hit as hard as the Global South, which could afford it less, he said." 

+1 vote
by Novice (940 points)

This is true, unfortunately. In the original article, they mention a study done by the Potsdam Institute for Climate Impact Research. In their official report, below is a quote from the actual report and a link to find it. 

Climate impacts on economic productivity indicate that climate change may threaten price stability. Here we apply fixed-effects regressions to over 27,000 observations of monthly consumer price indices worldwide to quantify the impacts of climate conditions on inflation.


it was also published by the associate press website 


+1 vote
by Apprentice (1.7k points)

This seems to be true. The increase (or decrease) of food prices is the most sought after signal when detailing inflation and climate, according to the Potsdam Institute for Climate Impact Research and the European Central Bank. 

The Hill reported, “Rising global temperatures are associated with inflation in food prices, both in regions that are already hotter and in countries outside the tropics like the U.S.,” according to a study by Communications Earth & Environment. 

The same study stated that food prices can increase by 3.2% by 2035 due to an increase in hot temperatures. 




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