Inflation back after years of quiescence

Font Size

Print

Feedback

Email

Discuss

Related Articles

Inflation still a matter of concern: RBIInflation still a matter of concern: RBIInflation to fall further in two months, says PMInflation downtrend to continue: Nath

May 8: fastest in almost 16 years.

``Inflation rates are expected to remain high for a rather protracted period of time before gradually declining again,’’ ECB President Jean-Claude Trichet said at a press conference in Athens today.

Fed officials anticipate that slowing U.S. economic growth and rising unemployment will help curb inflation. Policy makers last week signaled they’re ready for a pause in cutting rates after seven reductions since September.

Lipsky urged world policy makers to encourage investment in oil production, avoid trade protectionism and reduce subsidies for biofuels to help bring down energy and commodity costs.

Corn and soybean prices have risen in part because of subsidies in advanced countries for fuels derived from those commodities, Lipsky said.