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What the US attack in Yemen means for oil prices, inflation

Attacks on freight ships in the Red Sea could increase inflation. Here's how.

Attacks on freight ships in the Red Sea could increase inflation. Here's how.

Business - KSYL-AM

Chris Sattlberger/Getty Images(NEW YORK) Inflation is falling toward normal levels, according to fresh data released Friday from the Federal Reserve s preferred measure, the Personal Consumption Expenditures price index. The information is the latest in a string of good news for price increases, but a major disruption of global trade could threaten that progress, some experts said. Attacks on ships along a key route through the Suez Canal have forced freight companies to divert deliveries, sharply escalating shipping costs and risking higher prices for everything from oil to electronics to furniture, they said. "If this continues, we re going to see increased shipping costs stacked onto the price of goods," Rob Handfield, professor of operations and supply chain management at North Carolina State University, told ABC News. "Just when we see inflation under control, hopefully this won t be another force to increase it again," Handfield added. Other experts, by

Attacks on freight ships in the Red Sea could increase inflation. Here's how. | South Central Illinois' News, Sports and Weather Station

Chris Sattlberger/Getty Images(NEW YORK) Inflation is falling toward normal levels, according to fresh data released Friday from the Federal Reserve's preferred measure, the Personal Consumption Expenditures price index. The information is the late.