Skip to main content

Higher oil prices not the biggest threat to EM inflation

The rise in oil prices, and upwards revision to our 2024 oil price forecast, will have only a small impact on EM inflation and won’t stop it from falling further. The much bigger upside risks to our inflation and interest rate forecasts stem from core and food inflation. EM oil producers will have stronger balance sheets than we’d previously thought, but we doubt this will have a major impact on their growth outlook.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access