G-20 Stung by Faster Inflation Amid Imbalance Dispute
This article is for subscribers only.
Group of 20 policy makers, at odds over smoothing over global economic imbalances, confront a new threat as higher inflation ripples from emerging markets to advanced economies.
A report of greater-than-expected U.S. inflation yesterday followed a jump in the European cost-of-living index to a two-year high and a pickup in Chinese prices, further fraying a tentative global consensus over how to sustain the recovery.