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2 months ago

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Red Sea turmoil has sent shipping costs surging 150%, which will push inflation higher, Fitch says

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Red Sea turmoil has sent shipping costs surging 150%, which will push inflation higher, Fitch says

Houthi attacks in the Red Sea have pushed shipping costs up, which could add 0.4 percentage points to US core inflation, Fitch Ratings said.

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Red Sea turmoil has sent shipping costs surging 150%, which will push inflation higher, Fitch says

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Red Sea turmoil has sent shipping costs surging 150%, which will push inflation higher, Fitch says

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