Soaring aluminium drives up cost of everything

Big impact: A worker pulls aluminium foil from a spool on the production line at the Sayanal foil mill in Russia. Aluminium prices have gained more than 30% so far this year, raising cost for industries. ― Bloomberg

NEW YORK: For consumers and economists hoping the commodities inflation will soon subside, the aluminium market delivered some discouraging news on Monday.

The world’s second-largest brewer, Heineken NV, said the rising costs of freight and the metal used in beer cans will have a “material effect” on profit next year.