Climate Change to Drive Up Food Prices and Inflation Over Coming Decades, Cutting Emissions Could Limit Impact

• New study finds climate change will increase food prices and inflation over next decades due to extreme weather hurting crops • By 2035, weather events may raise food costs by 1.5-1.8 percentage points yearly and inflation by 0.8-0.9 points
• Equatorial countries and those at higher latitudes during summer months face largest risks • Cutting emissions can substantially reduce climate's impact on inflation • By 2060, food inflation could rise by over 4 percentage points annually in high-emission scenario