What is driving the recent surge in shipping costs?

Maria Grazia Attinasi, Alina Bobasu and Rinalds Gerinovics

Economic Bulletin Boxes, 2021, vol. 3

Abstract: A rapid recovery in activity and trade has lengthened supplier delivery times, while international shipping costs have also increased. This box analyses the factors driving the surge in shipping costs by means of a Structural VAR model. It concludes that recent developments reflect rising demand and, to a smaller degree, supply constraints in the shipping industry. At the same time, the impact of rising shipping costs on overall consumer prices is expected to be limited. JEL Classification: C11, F01, F41

Keywords: global activity; global shipping costs; inflationary pressures; supply shortages (search for similar items in EconPapers)
Date: 2021-05
Note: 930374
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Citations: View citations in EconPapers (5)

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