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3min chapter
Shipping Costs and Inflation with Yan Carrière-Swallow
IMF Podcasts
How Much Will a Country Expect to Spend on Shipping Ocean Freight?
On average, a country 'll spend between seven and eight % of the value of all the goods they're importing. But west africas is an example of countries where they'll spend upwards of ten, 15, even 20%. So what's driving these dramatic price increases? I mean, are they a product of the rising inflation that we've seen recently? Or are they contributing to the inflation problem that we're having rinowwell, i mean, our work suggests that it probably is, that it is part of the problem, that it's part of the Problem.
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