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El Nino heatwaves to ‘fuel inflation next year’
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El Nino heatwaves to ‘fuel inflation next year’
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 [...]
7 Aug, 12:41
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