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Reuters analysis says El Nino could raise inflation by up to 2.5% in Colombia and 1.5% in Peru, while Mexico appears largely isolated. The piece focuses on emerging market economies.
Higher inflation and currency pressure in South American economies can affect local feed purchasing power and currency-linked commodity pricing.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.