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Thread: Global economies face rising inflation pressure

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[quote=JIMMYB,258161]Due to the hiking prices of crude oil, foodstuff, edible oil, iron ore and other products, global economies seem to face rising inflation pressure. It is reported that about 7 nations' CPI have exceeded 5% in Sep. and Oct. Those developped nations are no exceptions. Take US for example, the CPI in OCT. reached 3.5%. According to Wall Street Journal, the CPI will reach 5% at the end of this year if the oil price maintains at the current level, creating a new record in recent 15 years. Please have a look at the rankings of CPI increase.

Ranking                      Nation                    CPI increase 
No.1                           Russia                   10.8% in Oct
No.2                           South Africa            9.7% in Sep.
No.3                           Argentina                8.6% in Oct. 
No.4                           Vietnam                  8.1% from Jan. to Oct.
No.5                           Indonesia                6.9% in Oct.
No.6                           Romania                 6.8% in Oct.
No.7                           India                       6.7% in Oct.
No.8                           China                      6.5% in Oct.
No.9                           Taiwan                    5.3% in Oct.
No.10                         Singapore                3.6% in Oct.
No.11                         US                          3.5% in Oct.
No.12                         Brazil                      3.3% in Oct.
No.13                         South Korea            3.0% in Oct.
No.14                         Sweden                  2.7% in Oct.
No.15                         European Zone        2.6% in Oct.
No.16                         Canada                   2.4% in Oct.
No.17                         Germany                 2.4% in Oct.
No.18                         Italy                        2.1% in Oct.
No.19                         GB                         2.1% in Oct.
No.20                         France                    2.0% in Oct.

Judging from the data, it seems that global economies really face rising inflation pressure. What do you think of it? Is it so? 
[/quote]

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