# The second inflation is arriving in emerging markets first

> Emerging-market central banks are turning more hawkish, raising or signaling higher policy rates as energy costs and domestic demand add to inflation pressures. The article points to differing national responses, including persistent inflation in Turkey and political strains in Brazil, and says the shift may foreshadow broader inflation risks.

- Date: 2026-11-08 · published 2026-11-08T06:08:35.152Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/87029-the-second-inflation-is-arriving-in-emerging-markets-first
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Higher energy costs can raise agricultural input and transport expenses, while tighter monetary policy and currency moves can alter import demand and feed-buying costs. The article describes broad macroeconomic pressures but gives no specific commodity-market impact.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-03-19 | [Emerging Markets Are in the Fastest Collapse in a Generation - Bloomberg](https://feedsoft.ai/events/11018-emerging-markets-are-in-the-fastest-collapse-in-a-generation-bloomberg.md) | -1.1% | +2.8% |
| USDBRL | 2019-01-30 | [In emerging markets, the peso is the best-positioned currency - The Mazatlan Post](https://feedsoft.ai/events/61301-in-emerging-markets-the-peso-is-the-best-positioned-currency-the-mazatlan-post.md) | -1.3% | +0.5% |
| USDBRL | 2023-12-08 | [EMERGING MARKETS-Colombian peso up after inflation data; Latam FX, stocks slip on the week](https://feedsoft.ai/events/32984-emerging-markets-colombian-peso-up-after-inflation-data-latam-fx-stocks-slip-on.md) | -0.1% | -0.6% |
| USDBRL | 2018-02-02 | [Signs of Firming U.S. Inflation Put Emerging Market Currencies Under Pressure](https://feedsoft.ai/events/66723-signs-of-firming-u-s-inflation-put-emerging-market-currencies-under-pressure.md) | +3.7% | +2.5% |
| USDBRL | 2023-09-26 | [EMERGING MARKETS-Brazil's real steady after inflation data, Hungary trims interest rates](https://feedsoft.ai/events/34325-emerging-markets-brazil-s-real-steady-after-inflation-data-hungary-trims.md) | +2.3% | +0.7% |

## Sources

- ainvest.com: https://www.ainvest.com/news/inflation-arriving-emerging-markets-2611/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.