will come with a heavy price tag, for the forseeable future!
The latest signs suggest the shipping crisis could boost inflation for even longer than Sly's estimate. The
Freightos Baltic Index — a measure of global shipping prices — sat at $9,488 on March 18, meaning it cost nearly $10,000 on average to ship a 40-foot freight container. That's almost seven times higher than the March 2020 reading of $1,400. While that's down from the highs seen in the fall of 2021, it's still holding at extremely high levels.