- The inflation story in emerging markets remains highly differentiated, but the pandemic caused a sharp decline that was felt across all regions.
- Food inflation has been rising across major emerging markets. However, several local factors impact food inflation, and the causes of higher prices have not been homogenous across regions.
- We conclude that inflation pressures, in general, are not a major concern for EMs, but need to be analyzed on a case-by-case basis and with special emphasis on countries’ respective output gaps.
For further details see:
Inflation Trends Across Emerging Markets