When we think of the costs of climate change, the first thing that usually comes to mind is catastrophic losses from disasters such as floods and wildfires. But what about everyday expenses like milk, eggs and your electricity bill? Is climate change driving inflation?
The short answer: Probably, but it’s complicated.
There’s mounting evidence that more frequent extreme weather events do make some things more expensive. But how that plays out depends on where you live.
For example, the International Monetary Fund has found that extreme temperatures have…
