Energy and Shipping Costs Drive Global Price Rises, Economist Says

Higher energy and shipping costs are among the main factors pushing up prices for goods worldwide, according to Dr. Mohamed El-Shawadfi, a professor of economics.

El-Shawadfi said the rise in the prices of goods and services in recent years reflects a combination of interconnected economic pressures, rather than a single cause.

His assessment highlighted energy as a key source of pressure on prices, alongside the cost of moving goods.

The link between those costs and commodity prices places energy and shipping at the centre of his explanation for the global increases.

El-Shawadfi’s broader point was that the price rises seen in recent years should be understood through the interaction of several economic factors.