ALL BUSINESS: Crippling effect of global inflation (AP via Yahoo! Finance)
Story date: 2008-07-01 08:12:23
Added on: 2008-07-01 08:33:54
There is nowhere to hide from inflation. Prices in one in four countries, many of them in emerging markets, are accelerating at a double-digit pace, which puts them at least two and a half times the 4 percent annual U.S. headline inflation rate, according to new research from Morgan Stanley.
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