El Niño weather pattern could increase US inflation by one percent

A strong El Niño weather event could increase US consumer prices by up to one percentage point over 2027, according to research from the Federal Reserve Bank of San Francisco. MPA Magazine, Mortgage Professional America, Українські Національні Новини, BigGo Finance, The Economic Times, and Hoodline all reported on the study. [1][2][3][4][5][6]

The research was published in November as an Economic Letter by Federal Reserve Bank of San Francisco economists Molly Arden, Toby Graf, and senior economist Brigitte Roth Tran, MPA Magazine reported. The current El Niño weather pattern is classified by the National Oceanic and Atmospheric Administration as very strong. [1]

MPA Magazine reported that the projected price increases compound a difficult interest rate environment for American mortgage brokers. The study notes that the weather pattern may have already affected personal consumption expenditure. [1]