Kunal Kambli22 Mar 2024, 18:58
Imagine a future where your grocery bill climbs higher each year, not because of lavish spending or macroeconomic fluctuations, but because of the changing climate. Sounds far-fetched? A recent study suggests otherwise, indicating that as climate change escalates, so will food prices and overall inflation rates. It reveals that inflationary pressures are more pronounced in hotter areas and seasons. Consequently, regions in the Global South, including India, may face more severe economic repercussions.