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EM Too
Far from immune to the global inflation shock, several EMs are in the front line.
As often, however, not all EMs are equal. To monitor EM inflation in a timely way is no straightforward task, owing to various data limitations - not to mention the local knowledge required for a proper bottom-up analysis.
There is therefore a particularly strong case to rely on web scraping and Natural Language Processing to help monitor and forecast EM inflation.
We have got good coverage for the following EM countries, with both tools (the Inflation NewsBot and the NIPI database):
The NewsBot also has detailed coverage of many more, for which the NIPIs are not yet available:
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China and the rest of Latin America (except Brazil at this point)
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Many more "frontier EM", including Nigeria
In Latin America, the NIPIs are near all-time highs (since the series began 1/1/2018). There is a notable uptrend, implying inflation expectations are at the risk of getting de-anchored there, too:
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