Emerging Markets Economics

Emerging Markets Inflation Monitor

29 April, 2015

Steady core inflation indication of a structural EM slowdown

Most of the recent slowdown in inflation across the emerging world has been the result of the weakness in food and fuel inflation. Meanwhile, core inflation is barely any lower than a couple of years ago. This serves as yet another indication of the fact that the slowdown in EM growth over the past few years has been driven by structural, rather than cyclical, factors.

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