El Nino heatwaves to ‘fuel inflation next year’

cityam08-07

The heat has led to fires across Europe this year. (AP Photo/Emma Da Silva) The ‘Super El Nino’ triggering record temperatures across Europe could add a full percentage point to inflation next year, ...

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(AP Photo/Emma Da Silva) The ‘Super El Nino’ triggering record temperatures across Europe could add a full percentage point to inflation next year, ...</p>\n\n<a href=\"https://www.cityam.com/el-nino-heatwaves-to-fuel-inflation-next-year/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>El Nino heatwaves to ‘fuel inflation next year’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEl Nino heatwaves to ‘fuel inflation next year’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-07 20:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/el-nino-heatwaves-to-fuel-inflation-next-year/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The heat has led to fires across Europe this year. (AP Photo/Emma Da Silva) The ‘Super El Nino’ triggering record temperatures across Europe could add a full percentage point to inflation next year, ...</p>\n\n<a href=\"https://www.cityam.com/el-nino-heatwaves-to-fuel-inflation-next-year/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BSR","symbol_name":"Beacon Unified Catalyst ETF","start_time":0,"source_url":"https://www.cityam.com/el-nino-heatwaves-to-fuel-inflation-next-year/","article_id":"2657464506","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/08/01KYN855QM2B2WAG7RY6KK00PJ-e1786106124220.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/el-nino-heatwaves-to-fuel-inflation-next-year/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2657464506","pubTimestamp":1786106494,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"The weather has put rate-setters at the Bank of England on notice, with two members of its rate-setting Monetary Policy Committee raising the meteorological event as something they plan to monitor ahead of future interest rate decisions. In minutes published alongside the decision, deputy governor Dave Ramsden said El Nino “may add to inflationary pressures”, while external member Megan Greene said it constituted a looming “supply risk”.Jefferies’ warning constitutes a further headache for the Bank, which has struggled to rein in price pressure after a barrage of shocks to supply. Inflation has only hit the Bank of England’s official two per cent goal for two months since 2021, and has otherwise been above target.Going into 2026, economists had predicted that annual price rises would ease to two per cent later this year, precipitating a parallel fall in interest rates to roughly three per cent. But the US’s protracted activity in Iran upended those predictions.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BSR":"Beacon Unified Catalyst ETF","REGL":"ProShares S&P MidCap 400 Dividend Aristocrats ETF","RHTX":"RH TACTICAL OUTLOOK ETF","MAPP":"Harbor Multi Asset Explorers ETF","FXD":"First Trust Consumer Discretiona","PRVS":"Parnassus Value Select ETF","DHLX":"Diamond Hill Large Cap Concentrated ETF","LCO":"LOGIQ Contrarian Opportunities ETF","MDLV":"MORGAN DEMPSEY LARGE CAP VALUE ETF","IUS":"Invesco RAFI Strategic US ETF","TCTL":"Premise Capital Diversified Tactical ETF","CANE":"Teucrium Sugar Fund","SAMT":"Strategas Macro Thematic Opportunities ETF","FT":"富兰克林通用信托","TEQI":"T. 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(AP Photo/Emma Da Silva) The ‘Super El Nino’ triggering record temperatures across Europe could add a full percentage point to inflation next year, hampering central bank efforts to slow down price rises, a top investment bank has warned.According to an analysis by Jefferies, harsh weather unleashed by the meteorological phenomenon will pose “an inflationary threat” next year and cause food prices to rise by between five and nine per cent across the UK and Europe. “In the context of already upward pressure on commodity prices due to the US Iran war, this effect is likely to be higher,” chief European economist Mohit Kumar wrote. “Food and related products account for around 13 per cent of the consumer basket in Europe. The severe weather impact could raise inflation by between 0.5 per cent and one per cent next year.”El Nino – meaning little boy in Spanish – is a natural climate event occurring every two to seven years whereby sea temperatures in the Pacific Ocean become unusually warm. The pattern generally causes hotter weather across the globe, and this year, an extreme iteration has been the predominant driver of Europe’s unprecedented spell of hot, dry weather.\n\nThe summer’s weather has sparked a wave of warnings about food prices from Britain’s retailers and farmers, who have said this year’s crop yield was the worst they have known.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe weather has put rate-setters at the Bank of England on notice, with two members of its rate-setting Monetary Policy Committee raising the meteorological event as something they plan to monitor ahead of future interest rate decisions. In minutes published alongside the decision, deputy governor Dave Ramsden said El Nino “may add to inflationary pressures”, while external member Megan Greene said it constituted a looming “supply risk”.Jefferies’ warning constitutes a further headache for the Bank, which has struggled to rein in price pressure after a barrage of shocks to supply. Inflation has only hit the Bank of England’s official two per cent goal for two months since 2021, and has otherwise been above target. Going into 2026, economists had predicted that annual price rises would ease to two per cent later this year, precipitating a parallel fall in interest rates to roughly three per cent. But the US’s protracted activity in Iran upended those predictions.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2657464506","isCrawlerRequest":true}