Is climate change making inflation worse?

Explore how climate change and extreme weather events are increasingly contributing to rising inflation and everyday living costs globally. Read more at straitstimes.com.

When we think of the costs of climate change, the first thing that usually comes to mind is catastrophic losses from disasters such as floods and wildfires. But what about everyday expenses like milk, eggs and your electricity bill? Is climate change driving inflation?

The short answer: Probably, but it’s complicated.