Photo: A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. (Photo by Sayed Hassan/Getty Images) A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt. (Photo by Sayed Hassan/Getty Images)

Soaring shipping costs and a jump in oil prices are stoking worries about a revival of inflation pressures around the world.

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