(Bloomberg) -- Rising prices for food, from yogurt
in the U.S. to steak in South Africa, are causing heartburn at
the world's most powerful central banks.
The fastest increase in food-commodity prices in at least a
decade has already led monetary authorities in England,
Mexico, Chile and South Africa to lift borrowing costs. It is
also sowing doubts about the U.S. Federal Reserve's focus on
core inflation, which excludes food and energy, and about
China's gradual approach to tightening credit.
Read more at Bloomberg Exclusive News
in the U.S. to steak in South Africa, are causing heartburn at
the world's most powerful central banks.
The fastest increase in food-commodity prices in at least a
decade has already led monetary authorities in England,
Mexico, Chile and South Africa to lift borrowing costs. It is
also sowing doubts about the U.S. Federal Reserve's focus on
core inflation, which excludes food and energy, and about
China's gradual approach to tightening credit.
Read more at Bloomberg Exclusive News
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