La veille

2024 was the hottest year on record [1], with global temperatures exceeding 1.5 °C above preindustrial climate conditions for the first time and records broken across large parts of Earth’s surface. Among the widespread impacts of exceptional heat, rising food prices are beginning to play a prominent role in public perception, now the second most frequently cited impact of climate change experienced globally, following only extreme heat itself [2]. Recent econometric analysis confirms that abnormally high temperatures directly cause higher food prices, as impacts on agricultural production [3] translate into supply shortages and food price inflation [4, 5]. These analyses track changes in overall price aggregates which are typically slow-moving, but specific food goods can also experience much stronger short-term price spikes in response to extreme heat.