Key stats amid surging Red Sea shipping costs 🚢

The impact to inflation appears limited 😮‍💨

Surging shipping costs should have a modest impact on inflation. (Source: Goldman Sachs)

Attacks in the Red Sea have interrupted key freight routes, causing shipping costs exposed to the region to surge.

This has sparked concerns that inflation could reignite.

While these developments are not favorable, the magnitude of their impact on inflation more broadly appear to be limited.