Showing posts with label food and energy price. Show all posts
Showing posts with label food and energy price. Show all posts

Wednesday, June 8, 2011

Asia's inflation to stay hot as economy cools: World Bank

(Reuters) - Growth in most of Asia will cool this year because of tighter credit conditions and a slowdown in advanced economies, although inflation may take longer to subside, the World Bank said in a report on the global economy on Wednesday.

After a torrid 2010, some moderation was welcome in order to ease food and energy price pressures that hit low-income households especially hard, the World Bank said.