Posted AT 10:18 AM EST on 16/06/08
Inflation top threat for policy makers
BRUSSELS AND JEJU, South Korea — Policy makers around the globe declared soaring inflation a top threat Monday, with pressure rising for central bank interest rate rises amid protests against higher costs of living.
The European Commission, the European Union's executive arm, said inflation was its main economic concern after data showed prices in the 15 countries using the euro rose by a new record of 3.7 per cent year-on-year in May from 3.
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