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29 Sep 2024 12:35
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      Home > News > Business

    Hopes a spike in global shipping prices won't stay around for long

    Hopes a spike in global shipping prices won't stay around for long

    26 June 2024
    Conflict in the Red Sea has caused shipping costs to jump three times higher than the rates seen at end of last year.

    But ASB Senior economist Mark Smith says the impact on inflation will depend on how long prices remain high.

    He says the prices have spiked quickly, but it's still early days.

    © 2024 Newstalk ZB, NZCity


     Other Business News
     29 Sep: New Zealand's hospitality sector is struggling, despite a slight year-on-year revenue growth
     29 Sep: New Zealand exporters are making the most of our green reputation - to attract more global interest
     28 Sep: The Government's being urged to stop the push towards forestry, in the wake of the proposed closure of the Timaru meatworks
     27 Sep: A change in how farmers are using their land - is having flow-on effects for meat processing plants
     27 Sep: A Waikato farming company, director and farm manager have been convicted of unlawfully discharging dairy effluent
     27 Sep: KiwiRail's taking a financial hit, from falling freight volumes and weather-related outages
     27 Sep: Auckland Council has exceeded its saving goals - and put a record amount into assets
     Top Stories

    RUGBY RUGBY
    Wallace Sititi has again earned special praise from All Blacks coach Scott Robertson after another leading performance More...

    BUSINESS BUSINESS
    New Zealand's hospitality sector is struggling, despite a slight year-on-year revenue growth More...


     Today's News

    		 Business:
    New Zealand's hospitality sector is struggling, despite a slight year-on-year revenue growth 12:28

     International:
    Israel 'determined to keep fighting' in Lebanon despite assassinating Hezbollah chief Hassan Nasrallah 11:57

     Living & Travel:
    It's a greyhound takeover across the country, as enthusiasts are gathered for the great global walk 11:57

     International:
    Indonesia, Solomon Islands join countries banning nuclear weapons, putting Australia at odds with neighbours 11:27

     Law and Order:
    Kashmir's youth at the forefront of a crucial election amid tensions 11:17

     Golf:
    Kiwi golfer Sam Jones is tied for 22nd heading into the final round of the DP World Tour's Spain Open in Madrid 11:07

     Rugby League:
    Panthers coach Ivan Cleary has turned the blowtorch on bunker official Chris Butler for an obstruction call in Penrith's 26-6 NRL preliminary final victory over Cronulla in Sydney 10:47

     Health & Safety:
    More than 500 prescriptions for medicinal cannabis have been written for children under 10 in the last two years 10:28

     Rugby:
    Wallace Sititi has again earned special praise from All Blacks coach Scott Robertson after another leading performance 10:07

     Cricket:
    The Black Caps have been skittled for 88 on day three of the second cricket test against Sri Lanka at Galle, on Sky Sport 9:47

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