Emerging-Market Inflation Hits 8-Year Low on Fuel Drag: Chart
(Bloomberg) -- Consumer price growth in developing economies eased to 3.1 percent in June, the lowest since the depths of the financial crisis, driven by a dip in fuel prices. Inflation will probably remain subdued this year and next, according to analysts at Capital Economics Ltd. Weak price pressures are spurring interest-rate cuts across emerging regions, a boon for local-currency bonds.
To contact the reporter on this story: Sid Verma in London at sverma100@bloomberg.net.
To contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net, Robert Brand
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