Claims extracted
13
sentences that state something as happening or true
Uncertain
62%
8 of 13 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
64/100
Evening Standard's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
The increases could last for many months, the Bank of England (BoE) believes.
uncertain
Bank → last → England
Millions of households in London and across the UK are already struggling with the cost of living and some could see their mortgage bill rise by £600-a-year after the latest interest rate rise by the bank’s Monetary Policy Committee.
uncertain
bill → struggle → Committee
“The current El Niño event is expected to place upward pressure on UK food price inflation,” it said, explaining how extreme weather can hit crop yields in some regions while increasing them elsewhere.
asserted
weather → expect → them
“Overall, the current El Niño is expected to place upward pressure on global agricultural commodity prices and, in turn, UK food prices,” it added.
asserted
it → expect → turn
“Around a quarter of UK food imports, equivalent to around 10% of total food supply, comes from El Niño-exposed regions.”
asserted
quarter → come → regions
Forecasters have warned that the global phenomenon could disrupt the polar vortex – a vast ring of freezing winds high above the Arctic that normally keeps the coldest air contained around the North Pole.
uncertain
that → warn → Pole
The bank’s indepth analysis also stressed that El Niño could add to pressures in global energy markets by reducing biofuel production, constraining hydroelectric and nuclear power generation, and increasing demand for cooling and energy-intensive irrigation.
uncertain
Niño → stress → cooling
Read More
Lower water levels in inland waterways could also disrupt transport networks.
uncertain
levels → read → networks
“The effects on UK food price inflation are likely to emerge gradually,” it added.
asserted
it → emerge → inflation
“Intelligence from contacts of the Bank’s Agents suggests that the current event could begin affecting UK food price inflation from early 2027, initially through prices of fresh products, such as fruit and vegetables, with broader effects then building over several quarters.”
uncertain
effects → suggest → quarters
“The timing of the extreme weather limited the damage to winter cereals such as wheat and barley, although yields of some summer crops have been more significantly affected,” it explained.
asserted
it → limit → crops
Modelling estimated the combined effects of this summer’s European droughts and heatwaves and the current El Niño event could increase UK food price “potentially by around 2 percentage points at its peak in 2028”.
uncertain
effects → estimate → 2028
This could amount to a 0.3 percentage points rise in CPI inflation, reflecting the weight of food in the inflation basket.
uncertain
This → amount → basket
The Aporia
