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29 Sep 2024 9:45
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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
     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
     27 Sep: Health NZ will be weighing up the two options for the new Dunedin Hospital
     Top Stories

    RUGBY RUGBY
    Coach Scott Robertson feels the All Blacks have taken a step forward in the 33-13 triumph over the Wallabies at Sky Stadium More...

    BUSINESS BUSINESS
    New Zealand exporters are making the most of our green reputation - to attract more global interest More...


     Today's News

    		 Rugby:
    Coach Scott Robertson feels the All Blacks have taken a step forward in the 33-13 triumph over the Wallabies at Sky Stadium 9:37

     Rugby League:
    Nathan Cleary has downplayed fears over the his fitness after he failed to finish Penrith's 26-6 preliminary NRL final win over Cronulla 9:27

     International:
    Hassan Nasrallah turned Hezbollah from an Islamist militia into a political force that will outlive him 9:17

     International:
    What happens with Trump's criminal cases if he wins the election? 9:17

     International:
    Israel 'determined to keep fighting' in Lebanon despite assassinating Hezbollah chief Hassan Nasrallah 8:37

     Health & Safety:
    More people are discovering their lung cancer diagnosis in emergency rooms, not through their GP 8:17

     Accident and Emergency:
    Police are providing support to the family of a missing snorkeller, found dead by rescue crews in Kaikoura 8:07

     Sailing:
    Day two of the America's Cup challenger series between Ineos Britannia and Luna Rossa has been timed out 8:07

     Cricket:
    The Black Caps have recorded their 19th lowest test score in history, getting rolled for 88 by Sri Lanka on day three of the second cricket test in Galle 7:57

     Soccer:
    Liverpool have moved to the top of the Premier League football ladder with a 2-1 win away over Wolves 7:37

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