China Food-Price Gains May Force Choice Between Inflation, Jobs

Rising food prices that defy easing global inflation may challenge policy makers in countries including China to control costs without hurting economic growth, panelists at a forum said yesterday.

A growing middle class seeking higher-protein foods is contributing to increased demand and prices, Abby Joseph Cohen, partner and senior U.S. investment strategist at Goldman Sachs Group Inc., said at the Bloomberg Global Inflation Conference in New York hosted by Bloomberg Link.