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18 Oct 2024 18:25
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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
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     18 Oct: The cost of fixing the pedestrian footbridge connecting Auckland's Wynyard Quarter to the Viaduct has blown out to more than 10-million-dollars
     18 Oct: New Zealand's loss could be Australia's gain, as it eyes Timaru's now job-less meat works staff
     18 Oct: A belief the impacts of benefit sanctions haven't filtered through to the community yet
     17 Oct: The news keeps getting better for mortgage holders
     17 Oct: A new book reveals much of Trump’s success is based on a myth he is a self-made billionaire
     17 Oct: New Zealanders are being given confidence the economy is heading in the right direction
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     Today's News

    		 Motoring:
    The countdown's on for Liam Lawson ahead of his first race as a fulltime Formula One driver 18:17

     Business:
    Can NZ’s supply chain build enough resilience and sustainability to survive the next global crisis? 18:17

     International:
    As Russia makes gains in the east and a US election looms, Ukraine races to push its 'victory plan' 18:17

     Golf:
    Lydia Ko's climbed back up the leaderboard late in her second round at the latest LGPA Tour event in South Korea 18:07

     Law and Order:
    A woman's has been arrested after allegedly assaulting staff at a Gisborne Supermarket after she was caught allegedly stealing groceries 18:07

     Entertainment:
    Sir David Jason has hit out at "extremely difficult" Hollywood actors 18:03

     Entertainment:
    Travis Kelce says one of his top date nights with Taylor Swift is eating in public with the singing phenomenon 17:33

     Health & Safety:
    Menopausal hormone therapy has made a 'comeback'. What is it and is it right for you? 17:07

     Entertainment:
    Ozzy Osbourne has been left "shocked" after his former guitarist, Jack E. Lee, was shot multiple times in a "random" attack in Las Vegas 17:03

     Business:
    The cost of fixing the pedestrian footbridge connecting Auckland's Wynyard Quarter to the Viaduct has blown out to more than 10-million-dollars 16:57

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