Our researchers are now assessing the macroeconomic relevance of low water levels of the Rhine, Europe's most important waterway. Looking at 30 years of data, they show that Germany's overall producer price index – which encompasses thousands of product lines – tends to rise in the months with low Rhine levels.
Their preliminary results are statistically and economically significant and hence relevant to inflation watchers. 4 Conclusion Let me sum up. Climate change is a reality – so is the loss of biodiversity! They affect our economies, communities and lives. There will be no stable climate without a healthy natural world.