- The near-term outlook for EM inflation is mostly benign, but regulated prices, minimum wage increases, and higher commodity prices point to upside risks.
- The latest inflation releases across Emerging Markets ((EM)) [Philippines, Thailand, and Indonesia] were in line with the predominant narrative of accelerating but low inflation (with some notable exceptions like Turkey).
- China's decision to ease some restrictions on the use of the yuan in international transactions should be considered in a context of the currency's nearly 10% appreciation against the U.S. Dollar since the end of May 2020 (according to Bloomberg LP).
For further details see:
EM Inflation - Low But Showing Risks