How much will recent currency falls raise inflation?

We estimate that the coronavirus-related sell-off in EM currencies will push up inflation over the next year by 0.6-0.7%-pts in Russia, Turkey and South Africa, reinforcing our view that easing cycles in these countries are close to an end. For most other EMs, the impact of currency weakness on inflation should be much smaller, at around 0.1-0.3%-pts, allowing policymakers to continue cutting interest rates.