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14 Jan 2025 6:36
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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.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     13 Jan: Ecostore has revealed a safety spend worth hundreds of millions of dollars, after a worker suffered chemical burns
     13 Jan: Consumer spending growth in 2024 was the slowest it's been in half a decade
     13 Jan: Job numbers have picked up slightly, but not everyone's benefiting
     13 Jan: Home building activity appears to be stabilising
     13 Jan: Nearly a million Australians work two or more jobs as inflation bites
     13 Jan: Business leaders are returning to work anxious about the economy, but less worried about recruiting and retaining staff
     12 Jan: The Prime Minister's off to the United Arab Emirates tomorrow, for the signing of a high-level agreement by Trade Minister Todd McClay
     Top Stories

    RUGBY RUGBY
    The Crusaders are tipped to unveil midfielder David Havili as the Super Rugby side's new captain later this week More...

    BUSINESS BUSINESS
    Ecostore has revealed a safety spend worth hundreds of millions of dollars, after a worker suffered chemical burns More...


     Today's News

    		 Entertainment:
    Lala Kent's baby daughter was "really struggling to breathe" due to the wildfires in Los Angeles 6:35

     Law and Order:
    A manhunt is continuing, for a man who escaped Police custody at Taupo District Court last night 6:27

     Entertainment:
    Khloe Kardashian has lashed out at "scum" following reports a man was arrested on suspicion of starting a fire close to her family's homes 6:05

     International:
    Weather remains critical in Southern California. Here's the latest on the LA fires 4:37

     International:
    Trump blasts LA officials as area bigger than San Francisco razed in wildfire 4:37

     Environment:
    Death toll rises to 24 as PM says 'tragedy' Australian was killed — as it happened 23:37

     Business:
    Ecostore has revealed a safety spend worth hundreds of millions of dollars, after a worker suffered chemical burns 21:57

     Entertainment:
    Jennie Garth was taken in by her ex-husband Peter Facinelli when she were forced to evacuate her home due to the California wildfires 21:35

     Entertainment:
    LA grieves as Will Rogers Park, Theatre Palisades, and other historic sites lost to wildfires 21:07

     Entertainment:
    Mel Gibson admitted it is "kind of devastating" to have lost his home in the Los Angeles wildfires 21:05

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