Impact of container freight rates surge on consumer prices by product 2021-2023

Published by
Martin Placek,
Dec 7, 2022
Due to the dramatic increase in freight rates during 2020 and 2021, consumer prices of many products are projected to increase as well. Consumer prices of computers, electronic and optical products are expected to grow the most between 2021 and 2023, followed by furniture and textiles.

Projected impacts of the 2020 and 2021 container freight rate surge on consumer price levels through 2023, by product

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Release date

November 2021

Region

Worldwide

Survey time period

August 2020 to August 2021

Supplementary notes

The impacts of the container freight rate surge on prices are based on a 243 percent increase in the CCFI between August 2020 and August 2021. The simulated impacts on price levels are long-term impacts, i.e., the simulation assumes that the current container freight rate surge and the corresponding increases in production costs are fully passed to consumers.

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Container freight ratesContainer shippingGreen maritime shippingContainer carriers worldwideOcean shipping
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