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Oxford Economics Says Extreme Weather Would Raise Euro Area Food Prices More Than G7 Average
Oxford Economics reported that a global food supply shock caused by extreme weather would increase consumer food prices by a larger margin in the euro area than across the Group of Seven economies overall.
May 29, 3:58 AM·1m read1 source
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Oxford Economics stated that a worldwide food supply disruption triggered by extreme weather would push food prices higher in the euro area than in the broader Group of Seven economies. The research compared projected price increases under a severe weather scenario and found the euro-area impact would exceed the G7 average.
No specific percentage figures or timelines were provided in the analysis. The study did not name individual countries within the euro area or G7 that would face the largest or smallest effects.
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