Climate change and extreme heat will drive inflation higher, study says

• Global warming and extreme heat will drive inflation higher, a new study says.
• In the next decade, climate change could bump up food inflation by as much as 3.23% per year and headline inflation by as much as 1.18%.
• "A worst-case emission scenario would cause pressures on food inflation exceeding 4% [per year] across large parts of the world."

Climate change is turning up the heat on inflation.