The winter larder is depleted as rains devastate crops in Spain, Portugal, France and Morocco…
“It is very difficult to replace some parts of the winter vegetable basket, especially those from Spain and Morocco, so I think we will see the effects very soon, and later on, we will probably also see effects on fruit, and then also on meat, dairy… and olive oil.” Central banks have begun to recognise the influence of extreme weather on inflation dynamics… Financial Times
