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🌏 The EM easing cycle's fate in 2026 comes down to two CPI prints on June 12

🌏 The EM easing cycle's fate in 2026 comes down to two CPI prints on June 12

India CPI and Brazil's IPCA both print June 12. With Brent above $120 and Turkey's headline re-accelerating to 32.61%, the data will test whether consensus EM rate cuts in H2 2026 survive the oil shock.

Line chart of inflation volatility for Chile, Peru, South Africa, Colombia, and Poland from 2007 to 2026.
Inflation volatility remains elevated across emerging markets as desks digest prior prints, per the South African Reserve Bank chart of the week. Source

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