# Global inflation: the impact of oil and the El Niño phenomenon on rising food prices - Infobae

> Peruvian economist Melvin Escudero warned that higher fuel prices and El Niño-related disruptions to agriculture could keep food prices elevated in the coming months. He said inflation is rising across several economies, including Brazil, the US, the UK, France and several Asian countries. He added that Peru's central bank may need to consider new measures if price pressures persist.

- Date: 2026-11-05 · published 2026-11-05T03:11:16.086Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/81054-global-inflation-the-impact-of-oil-and-the-el-nino-phenomenon-on-rising-food
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Higher energy costs raise freight, fertilizer and processing expenses for feed producers, while El Niño-driven crop and fishery disruptions tighten feed ingredient supply, supporting prices for protein and grain feed inputs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2023-03-31 | [Oil Rises On Cooling US Inflation, Lower Global Supplies](https://feedsoft.ai/events/37043-oil-rises-on-cooling-us-inflation-lower-global-supplies.md) | +8.8% | +2.0% |
| BRENT | 2024-01-18 | [Oil prices rise on global demand forecasts, US crude stock draw](https://feedsoft.ai/events/32278-oil-prices-rise-on-global-demand-forecasts-us-crude-stock-draw.md) | +3.5% | +5.9% |
| BRENT | 2023-07-26 | [The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers](https://feedsoft.ai/events/7009-the-increase-in-the-price-of-oil-led-to-an-increase-in-the-prices-of-gas-and.md) | +1.9% | +1.0% |
| BRENT | 2018-04-30 | [Will oil prices be the trigger that wakes the inflation beast? - Financial Post](https://feedsoft.ai/events/65433-will-oil-prices-be-the-trigger-that-wakes-the-inflation-beast-financial-post.md) | -0.2% | +2.0% |
| BRENT | 2022-12-16 | [Rising oil prices and import rates to India are supporting vegetable oil quotes](https://feedsoft.ai/events/38344-rising-oil-prices-and-import-rates-to-india-are-supporting-vegetable-oil-quotes.md) | -1.8% | +2.7% |
| WTI | 2023-03-31 | [Oil Rises On Cooling US Inflation, Lower Global Supplies](https://feedsoft.ai/events/37043-oil-rises-on-cooling-us-inflation-lower-global-supplies.md) | +8.6% | +3.3% |
| WTI | 2022-08-11 | [Canadian dollar rises to two-month high on growing signs of easing U.S. inflation  - The Globe and Mail](https://feedsoft.ai/events/40280-canadian-dollar-rises-to-two-month-high-on-growing-signs-of-easing-u-s.md) | -4.1% | -10.5% |
| WTI | 2023-01-03 | [How Consumers and Businesses are Reacting to Food Price Inflation - Euromonitor.com](https://feedsoft.ai/events/12190-how-consumers-and-businesses-are-reacting-to-food-price-inflation-euromonitor.md) | -6.9% | -1.6% |

## Sources

- infobae.com: https://www.infobae.com/peru/2026/11/05/inflacion-global-el-impacto-del-petroleo-y-el-fenomeno-el-nino-en-el-alza-de-precios-de-alimentos/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.