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Swiss National Bank chief watching heat-driven food inflation
Original: Swiss National Bank’s Schlegel watching hot weather impact on food price inflation By Reuters
Swiss National Bank chairman Martin Schlegel says the central bank is monitoring how hot weather could push up food prices and feed into inflation. The comments highlight growing attention among policymakers to climate and weather shocks as a potential driver of consumer prices, alongside traditional inflation pressures.
Why now: Recent heatwaves have raised concern that crop damage could lift food prices and complicate central banks' inflation outlooks.
Swiss National BankMartin SchlegelSwitzerland
Evidence
- Swiss National Bank’s Schlegel watching hot weather impact on food price inflation By Reuters · Investing.com
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