The small fall in inflation in Brazil, to 5.1% y/y in August, is unlikely to change the central bank’s tone at its meeting next week. Interest rates will remain on hold at 15.00%. But with inflation...

After an exceptionally strong first half of 2025, India’s economy faces a more challenging rest of this year and 2026 in the face of punitive US tariffs. But they could get rolled back and, even if...

Egypt’s headline inflation rate decreased from 13.9% y/y in July to 12.0% y/y in August, its slowest pace since March 2022, which supports our view that the Central Bank of Egypt (CBE) can continue to...

Headline CPI inflation slipped back into negative territory last month, but this just reflects volatile food prices. Underlying inflation has actually ticked up lately. This is mostly due to temporary...