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Shipping Rates to Boost Global Inflation by 1.5%, UN Says

  • No end in sight to soaring rates for containerized goods
  • Consumer electronics, textiles and furniture most affected
Asia’s First Simultaneous Ship to Container Ship LNG Bunkering and Cargo Operations
Photographer: Wei Leng Tay/Bloomberg

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The high price of ocean shipping could soon translate into a 1.5% increase in global consumer prices in 2023, with smaller, trade-dependent countries potentially suffering the most, according to the United Nations Conference on Trade and Development.