Freight Cost Volatility Impacts on Inflation – An Analysis
Freightos
DECEMBER 20, 2022
More than 80% of goods – by volume – are moved by ocean freight globally, so shipping costs directly impact the price level of imported goods. Assuming those contracted volumes also shipped at about spot rate levels , the total ocean costs savings in October 2022 could have totalled $9.9B of a percentage point of the 6.2%
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