Heat waves and climate change are making your bills more expensive
What caused the sudden price increase of olive oil at Costco?

The sudden price increase of olive oil at Costco is primarily due to climate change impacts, such as droughts in Europe, which have led to a decline in olive oil production. High temperatures and extreme weather events have affected the olive harvests, causing the global price of olive oil to hit an all-time high.
How is climate change affecting crop yields and food production?

Climate change is affecting crop yields and food production through increased temperatures, changes in precipitation patterns, and elevated surface carbon dioxide concentrations3. These changes are leading to reduced global production of staple crops such as rice and wheat, while some more drought-tolerant crops like sorghum are benefiting. Climate change is also causing shifts in regional growing conditions, impacting global food security4.
How does climate change contribute to global inflation rates?

Climate change contributes to global inflation rates through several channels. Rising temperatures and extreme weather events impact agricultural productivity, leading to higher food prices. Additionally, climate-related disasters increase insurance costs and disrupt global trade, causing supply chain disruptions and higher transportation expenses. These factors collectively exert upward pressure on inflation rates.