High freight rates in container market drive up consumer prices

Record-high freight rates and pressure in the container market push up consumer prices. For example, it is now 25-40 percent more expensive to build a new house, says the CEO of Scan Global, while also pointing to other factors in the upward tendency.

The price of building materials have gone up due to, among other things, higher freight costs, says Scan Global Logistics CEO Allan Melgaard | Photo: Nima Taheri

Record-high freight rates and pressure in the container market have generated historically high earnings for shipping lines, but these have now starting to reflect in higher consumer prices, Scan Global tells ShippingWatch.

Danish financial institute Sydbank also confirms the tendency.

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