The West Pacific has swung back into an El Niño phase, bringing nearly unprecedented heat to vast swaths of the globe. As Reuters observes, El Niño conditions will likely have an inflationary effect on the economies of developing countries, as the ensuing weather flips typical rainfall totals on their head. In Asia, for example, rainfall totals are likely to be much lower than usual, a situation expected to wreak havoc on countries like India and Vietnam. “El Niño is ​just going to make inflation more sticky.” More on El Niño: Scientists Propose Dimming Sun to Combat El Niño