ADVERTISEMENT
Inflation in EM Has Been Catching Analysts Off Guard for Months
Analysts have been under-estimating the impact of rising oil prices and a currency rout on inflation in emerging markets.
05 Nov 2018, 10:47 PM IST 
An investor looks at a stock quote screen near the end of the trading day in a brokerage in Shanghai, China. (Photographer: Kevin Lee/Bloomberg News)
(Bloomberg) -- Analysts have been under-estimating the impact of rising oil prices and a currency rout on inflation in emerging markets.
The Citi Inflation Surprise Index advanced in October for a sixth straight month, the longest streak since 2011. Last month’s rise in consumer prices in Turkey, one of the hardest hit developing markets this year, exceeded the median of 18 estimates compiled by Bloomberg.
To contact the reporter on this story: Dana El Baltaji in Dubai at delbaltaji@bloomberg.net
To contact the editors responsible for this story: Justin Carrigan at jcarrigan@bloomberg.net, Robert Brand, Dana El Baltaji
©2018 Bloomberg L.P.