Key facts
- Sea surface temperatures in the equatorial Pacific are warming.
- The region is transitioning into El Nino conditions.
- Nino3.4 values have reached almost +0.9 Celsius.
- Temperatures show signs of rising further.
Elevated sea surface temperatures in the Pacific Ocean, particularly off the coast of Peru, can be indicative of developing El Niño conditions. El Niño events are associated with significant shifts in global weather patterns, impacting agricultural output, commodity prices, and potentially leading to increased inflation through supply chain disruptions.