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Freight Rates on Every Mode of Transport Are Boosting Inflation

Port Of Cartagena As Colombian Exports Rise
Photographer: David Lombeida/Bloomberg

From the high seas and U.S. rail yards to the nation’s highways and airports, inflation pressures from shipping costs continue to mount.

The government’s latest data on producer prices showed the costs of transportation and warehousing goods for final demand soared more than 18% in November from a year earlier. That’s the largest annual advance in data back to 2009.