India

India's consumer price inflation accelerated in May 2016 to a 2-year high of 5.76 per cent, largely due to food prices. The Reserve Bank of India has a target of 5 per cent for CPI Inflation by March 2017. Let's see how far the government and the RBI can control the same.

Russia

Russia too has been grappling with inflation worries, due to rising prices of essential commodities. The inflation in the country for the month of June was 7.5 per cent, which was a slight uptick over the previous month.

China

China's inflation for the month of May was placed at 5 per cent, which was largely driven by food prices like vegetable and pork. A rise in the prices of oil also contributed to the gains.

Brazil

Brazil has among the highest inflation levels among emerging markets. The country reported an inflation of a huge 8.84 per cent, which was a dip over the previous month of May, wherein it was 9.92 per cent.

Indonesia

Indonesia's inflation was well under control at 3.45 per cent for the month of June 2016. This may not be as low as the US and developed markets, but is certainly better than emerging markets like Brazil and India.

South Africa

The rate of inflation in South Africa was 6.10 per cent for the May. While, it may not be the ugliest number it is certainly high in comparison to developed economies that have inflation rates of around 1-2 per cent.

Philippines

Philippines had the lowest interest rates when compared to some of the top emerging markets at just 1.90 per cent. This is a pretty decent figure.