Global warming could further push up food prices, new study says. Under the expected temperature increase in 2035, the global Warming could cause food inflation to rise by up to 3.2% per year.
The findings also show that while both high- and low-income countries experience climate-induced inflation, countries in the Global South are more affected. The authors of the paper concluded that climate change may increase food prices in the future, but reducing greenhouse gas emissions and technology-based adaptation measures may significantly limit this global economic risk.