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El Niño

climatic phenomenon occurring in the Pacific Ocean

Also known as ENSO

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coverage spread: L0/C100/R0

Photo: Asia — Wikimedia Commons / Wikimedia Commons

El Niño Oil Surge Could Lift Global Inflation

JPMorgan warns that a battle-ready El Niño paired with elevated energy costs could keep inflation stubbornly high, with food prices especially vulnerable and emerging markets bearing the brunt. The oil shock, supply disruptions, and higher diesel and fertilizer costs could push global inflation higher and delay rate cuts in food-sensitive economies.

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