5 Minute News

The Impact of Heatwaves on Food Prices and the Economy

July 7, 2025

The heatwave may impact agricultural prices, leading to increases due to reduced production and higher demand. European countries report a decrease in operations due to high temperatures, affecting the economy. Frank Elderson points out the relationship between heatwaves and key economic indicators like inflation and GDP. Climate change is recognized as an important factor in the ECB's monetary policy.