Consumer Prices Set to Rise as Shipping Costs Climb, CIPS Warns

The Chartered Institute of Procurement and Supply warned that soaring shipping costs could push up consumer prices in 2026.
CIPS said growing transport, energy, and raw material costs are straining global supply chains.
Procurement teams reported the highest disruption concerns in two years.
Shipping and logistics saw the sharpest increases, with 22% reporting costs up more than 10%.
Prices for computers, transport equipment, and electrical machinery also rose sharply.
CIPS said volatility now looks permanent rather than a short-term shock.
Rising freight rates between Asia, the US, and Europe add inflation pressure.
Geopolitical tensions and US trade policies under Donald Trump are worsening instability.