Inflation remained broadly stable across emerging markets in April, but Turkey and Egypt continued to struggle with entrenched high inflation, showing little progress in bringing it down to moderate levels. Our monthly report compares inflation rates in low-cost countries, utilizing historical data dating back to 2010. Furthermore, we assess the impact of currency fluctuations against the US dollar, the euro, and the British pound to gauge the real terms of trade for exporters. <div

Inflation across emerging economies continues to ease, but new external risks from US trade tensions and persistent domestic vulnerabilities could challenge the current stability through the rest of 2025. Our monthly report compares inflation rates in low-cost countries, utilizing historical data dating back to 2010. Furthermore, we assess the impact of currency fluctuations against the US dollar, the euro, and the British pound to gauge the real terms of trade for exporters.

Emerging economies are transitioning from inflation control to managing deflation risks, with currency shifts and weakening demand now shaping the inflation outlook more than price shocks. Our monthly report compares inflation rates in low-cost countries, utilizing historical data dating back to 2010. Furthermore, we assess the impact of currency fluctuations against the US dollar, the euro, and the British pound to gauge the real terms of trade for exporters.