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July 2, 2008

All Business: Inflation is threatening growth around the world

  • Prices in one in four countries, many of them in emerging markets, are accelerating at a double-digit pace.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — 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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