Supply chains across the world are healing up almost as fast as they broke down. But that doesn¡¯t mean the pressure they¡¯re exerting on inflation will disappear as quickly.
Take the cost of shipping containers. Spot rates from Asia to the U.S. West Coast increased more than 15-fold during the pandemic and have since returned to pre-COVID levels as trade between the world¡¯s two largest economies cools from a frenzied pace.
But the relief is uneven. Short-term prices for containers from Europe to the U.S. East Coast are still more than double what they were in late 2019, according to data from Freightos.
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