38 days ago • Posted by William Ramstein
Emerging markets hit by rising inflation says Citigroup inflation gauge
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. Yet there’s a growing sense that the forces behind the recovery will eventually feed through to higher prices if left unchecked. One harbinger may be the rally in commodities, with a key index of raw materials this month jumping to a five-year high.