Inflation Update on Indoor Farming Around The World
This week's Monday edition will focus on inflation rates around the world, what to expect in the coming weeks and how much will it impact CEA companies around the world.
Inflation is said to have peaked in certain countries while other are yet to reach the peak, interest rates are expected to rise as the current inflation are far exceeding the levels hoped by central banks for the year. These interest rates already have certain impacts on indoor farming companies as a number of companies are pulling off projects, delaying investments and restructuring their company.
Increasing inflation rates are also affecting the financial performance of some indoor farms as the difference between the increase in operational expenses far exceeds the retail price of their produce sold.
Below we present you the inflation rates (actual and expected) for the month of August in the US, EU, UK and Canada as well as the extent of their impact on the indoor farming market.
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