A pick-up in fuel price inflation is set to push up headline inflation in many EMs over the coming months. But this is not true across the board. In some countries, including Brazil and Russia, any pick-up in fuel inflation looks likely to be more than offset by other forces that will pull headline inflation down. In both cases, interest rates look set to fall further.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.