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13 Jul 2024 19:45
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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


    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
     13 Jul: ew electric passenger trains have arrived in Auckland - with more due over the next few weeks
     13 Jul: An Australian RTD brand is still selling it's products here despite it's appeal to minors
     12 Jul: The retail sector may need to hang on just a little longer
     12 Jul: Dairy farmers are relieved Synlait milk will live to see another day, after winning shareholder approval to take out a 130-million dollar loan
     12 Jul: Belief South Island dairy processor Synlait has been handed a life line, but not a life saver
     12 Jul: Reassuring investors big and small will be the goal, as Synlait works to raise capital
     12 Jul: Anxiety as Morrison-era Cashless Debit Card is flagged as possibly returning amid cost-of-living crisis
     Top Stories

    RUGBY RUGBY
    Any sign of uncertainty from England over the All Blacks' game plan has disappeared, heading into tonight's second test at Eden Park More...


    BUSINESS BUSINESS
    ew electric passenger trains have arrived in Auckland - with more due over the next few weeks More...



     Today's News

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    Accident and Emergency:
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    Entertainment:
    Queen Camilla has named a dog working for a charity after her grandson 18:34

    Netball:
    A clutch home win for the Northern Mystics in the ANZ netball Premiership 18:07

    Entertainment:
    Bob Odenkirk believes being "oddly earnest" led to him losing out on the lead role in 'The Office' 18:04

    Entertainment:
    Kris Jenner has hinted she might get married when she turns 70 next year 17:34

    Law and Order:
    A judge has called a Waikato man a coward, after punching his 30-week pregnant partner 17:27


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