New construction projects are expected to rely more on wood products amid growing interest in construction from mass timber. As wood requires less energy to process compared to other materials such as steel or concrete, it is also increasingly viewed as a renewable, low-carbon and energy-efficient option for buildings.
Staple foods have come under intense pressure from inflation in recent times, and the drivers show no immediate signs of easing. While costs were already rising across the board, Russia’s invasion of Ukraine and the resulting impact on the world’s wheat supply has meant costs have soared for producers and prices have surged on-shelf for consumers.
The prices of food commodities are rising, hitting economies, manufacturers and consumers worldwide. An analysis of the factors behind this surge shows that food inflationary pressures are likely to remain high in 2022 and beyond.
High inflation means an increase in the cost of living, but how are prices rising across different consumer goods categories and markets?
This infographic showcases factors increasing global prices for everyday goods, such as supply chain shortages, political instability and climate change.
The global economy faces new headwinds following the Russian invasion of Ukraine in February 2022, while the COVID-19 pandemic is not yet over. The war in Ukraine and its resulting sanctions imposed on Russia are projected to cause accelerated energy and commodity prices, further disruptions in global supply chains and reduced business and consumer confidence.
This blog post comments on the macroeconomic implications of the Ukraine-Russia conflict
Euromonitor forecasts global inflation in the range of 6-9% in 2022, compared to an annual average of 3.8% in 2001-2019. Inflationary pressures have been rising since 2021, with surging demand for goods, pandemic-induced disruptions, rising energy prices, and labour shortages. The war in Ukraine and economic sanctions on Russia have compounded this inflationary environment, particularly for energy and food prices.