Higher food costs from China to India are raising prices for a third of the world's people, adding to the challenge of sustaining the global economic recovery as the growth outlook dims.
Consumer prices in China rose 3.1 percent last month as food costs advanced the most since May 2012, according to figures released Monday by the Chinese government statistics bureau. At the same time, India's Commerce Ministry said inflation in that country unexpectedly accelerated to a seven-month high. Both gauges increased more than economists had estimated.
The reports signal threats to growth in two of Asia's three biggest economies as a partial shutdown of the U.S. government risks leading to a default that would roil financial markets and cause recession. Last week, the International Monetary Fund cut its global growth outlook capital outflows further weakened emerging markets.
Read tomorrow's Arkansas Democrat-Gazette for full details.