Could Red Sea attacks push up prices and fuel inflation? | Counting the Cost

Inflation was expected to ease in 2024 after more than 18 months of interest rate hikes by central banks. The most aggressive monetary tightening in decades. But attacks by Houthi rebels in the Red Sea are threatening to push up the cost of living again. Geopolitical tensions have disrupted global trade, sending shipping and insurance costs soaring. A widening war in the oil-producing Middle East region could further worsen people’s finances. Africa's mounting debt is crippling the continent's development. Plus, we look at how sleep has turned into a multibillion-dollar business. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: https://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.io/AJEMobile @AljazeeraEnglish #Aljazeeraenglish #News