All around the world, poor harvests of a whole range of foods are making headlines, many of which are so severe that several potential shortages are being predicted.

At best, climate disasters cause prices to rise, explained Nicolas Léger, who works for the international firm NielsenIQ, in an interview with the ETX Studio news agency.

“Weather conditions account for the inflationary prices seen in a large number of food product categories.”

The expert specified that the whopping increase in prices cannot be primarily attributed to the situation resulting from Russia’s invasion of Ukraine, except in the category of cooking oils.

Scientists have been warning consumers for years that global warming – if not effectively slowed down – will not only have dramatic effects on the planet’s resources, but will also have financial consequences.

A few days ago, American environmental magazine Grist even used a neologism to define the phenomenon: “heatflation” – a contraction of “heat”and “inflation.”

The article was based on the words of David A Super, a professor of law at Georgetown University in the US, who had earlier told media outlet The Hill that “If we wish to control inflation, we must address climate change now.”

As Europe confronts another heatwave, the European Central Bank’s earlier warning about unusual temperatures leading to inflation in the medium term rings true.

The analysis was included in a report published last December and covered no less than 48 countries. No one can feign ignorance, since last February renowned American magazine The Atlantic was already calling this climate-economic phenomenon “Greenflation.”

It remains to be seen what crops and food products will be affected next.