Steep Global Inflation and the Soaring Costs of Water
Interlinkages between global inflation, rising water expenses, and the hike in oil prices are influencing the costs associated with water treatment and conveyance. The escalated cost of oil has trickled down to various industries, including the water sector, causing a widespread increase in prices. With energy and chemical costs skyrocketing, both water utilities and bottled water suppliers are experiencing inflated operational expenses, a burden ultimately shifted to the consumer. Consequently, this has triggered a sequential rise in the costs of water treatment chemicals, public water and wastewater services, and bottled water, impacting both residential and commercial consumers alike.