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🌍 Brazil disinflates, India's PMI holds above 57, and Korea's April CPI narrows the EM easing queue

🌍 Brazil disinflates, India's PMI holds above 57, and Korea's April CPI narrows the EM easing queue

Brazil's IPC-Fipe cooled to 0.40% MoM in April from 0.59% in March. HSBC forecasts India's manufacturing PMI at 58.3. Korea's April CPI is seen at 2.6% YoY. The prints will determine who's first in the EM easing queue.

Chart showing Brazil's IPC-Fipe Inflation MoM decreasing to 0.42% in May from 1.62% in April 2022
This chart visualizes the cooling of inflation in Brazil, aligning with the article's report on moderating price pressures in SΓ£o Paulo for April. Source

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