Inflation Debate Hits Emerging Markets as Pimco Stands Firm
- Citi’s EM inflation surprise index rose to highest since 2008
- Brazil, China and India among those reporting CPI data
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Investors are about to get a snapshot of potential price pressures building across the developing world -- the fallout of the unprecedented stimulus that’s been unleashed to revive the global economy.
Heavyweights including Brazil, China and India will report inflation data this week against a backdrop of quickening growth that’s being fueled by months of easy money and fiscal largesse. Citigroup Inc.’s inflation-surprise index for emerging markets spiked last month to the highest since 2008, a sign investors may be underestimating the scale of the resurgence.